Apple cautious about proposal for streaming music services to pay artists 50%

Apple has expressed caution about a proposal to increase the share of streaming music revenue paid to artists from the current typical 16% to a far higher 50% rate. The British government has proposed a “complete reset” of the business model for streaming music, so that artists and songwriters are better compensated.
Read more: https://9to5mac.com/2021/07/15/streaming-music-services-should-pay-artists-50/?source=Snapzu