Apple signed a new deal with major music label Warner Music, which have reduced prices on music from the Apple Music. It is reported Bloomberg.

Now Apple will transfer holders of 55% of the profits from its music service, not 58% as previously.

Apple also signed a similar agreement with Spotify. The company will be able to list the Studio for 52% of the profits, but the discount will only be after reaching the required number of subscribers.

It is noted that Apple will conduct similar negotiations with other major labels – Sony Music Entertainment and Universal Music Group.

According to the International Federation of the Phonographic industry, global music sales rose 5.9% to $ 15.7 billion in 2016, According to Goldman Sachs, by 2030 this figure will reach $41 billion

Earlier it was reported that the Chinese company Huawei for the first time surpassed Apple in the number of mobile phones sold in the world.

Apple has agreed with the holders of the lower prices on music 07.09.2017

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