[iPad] Apple, Sony/ATV in rate standoff on streaming service - Silicon Valley / San Jose Business Journal

 



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Apple, Sony/ATV in rate standoff on streaming service

Silicon Valley / San Jose Business Journal

Date: Monday, October 1, 2012, 4:20am PDT
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Apple
Apple

Apple negotiations with Sony/ATV for an internet music service have stalled over rate.

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Apple Inc. is having problems in negotiating rates with Sony/ATV to get the company's music into Apple's web radio service.

According to the New York Times, Cupertino-based Apple's (NASDAQ: AAPL) negotiations have stalled over price. Sony/ATV owns the "world's largest music publishing catalog with over 2 million songs," according to the report.

These kinds of negotiations are new in the music industry - previously rights deals were made with performing rights organizations Ascap and BMI, according to the report.

Written by Lisa Ward. To contact someone about this article, Shana Lynch can be reached at 408.299.1831 orslynch@bizjournals.com.

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