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Apple Interested in Reducing the Cost of Beats Music

Category: General News
Posted: 06:04PM
Author:

Beats Music, which was recently taken over by Apple, may be cheaper in the future than rival music subscription services like Rhapsody and Spotify. According to individuals who have knowledge of company plans, Apple is currently coordinating with major music labels to establish new rights and features for Beats Music. These agreements would pave the way for labels to receive more money for streaming tracks than they currently do, which would in turn allow Apple to reduce the cost of Beats Music. While Beats Music currently costs customers $10 a month, the discussions that Apple is having with labels could allow the service to drop below this price, thereby undercutting other music subscription services.

Source: CNET and Re/code



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