Apple pays out over $163 million in historical music royalties
(iMore iPhone)

`This is a massive win for music creators and the streaming services themselves` What you need to know Apple has paid out nearly $164 million in historic unmatched royalties on Apple Music. Spotify, Amazon, and Google also coughed up for a settlement worth a total of $424 million. Apple has paid out $163.3 million in `historical unmatched royalties` to The Mechanical Licensing Collective as part of a larger payout from streaming platforms. Announced Tuesday: The Mechanical Licensing Collective (The MLC) announced today that it has received a total of $424,384,787 in accrued historical unmatched royalties from digital service providers (DSPs), together with corresponding data reports that identify the usage related to these royalties. A total of 20 DSPs separately transferred accrued historical unmatched royalties to The MLC as required in order for them to seek the MMA`s limitation on liability for past infringement. In addition to the accrued unmatched royalties tran...