Apple Music to increase royalties on Spatial Audio tracks by 10%

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Apple Music has announced it will pay artists “10% more” royalties for tracks made in Spatial Audio, reports Music Business.

In the announcement, Apple Music states that this change is not only to encourage musicians to adopt Spatial Audio, but to ensure fair compensation for “the time and investment they [artists] put into mixing Spatial.”

The financial incentive, starting with January’s month-end payout, is to be calculated based on the proportion of Spatial…