Apple on Wednesday confirmed it plans to purchase Beats for $3 billion, just as rumored in previous weeks. But the deal isn’t necessarily good news for all music creators, Bloomberg reports, especially for smaller artists who fear that Apple’s music streaming service will negatively impact their earnings. Cellist Zoe Keating told the publication that Apple iTunes sales netted her $38,196 last year, while sales from three other download services accounted for about $34,000. Meanwhile, streaming from five different services, including Spotify and Pandora, only brought in $6,381. “iTunes downloads help me pay my monthly mortgage,” the artist said. “Unless you’re a mega-star, you can’t count on the same for streaming services. Me and a lot of my music artist friends
Apple’s Beats buy might not be good news for musicians
30
May
2014
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