Apple to share 71.5% of Apple Music revenue with US music owners

At last week's WWDC 2015 keynote, Apple announced Apple Music -- a streaming music service, social media platform and global radio station. While pricing of the subscription-based service was made public at the event -- $9.99 per month ($14.99 per month for up to six people in a household) with a three-month trial period -- there was no mention of what percentage of the take music owners would take home. That information was revealed to Re/code by Apple vice president of iTunes content Robert Kondrk, who said that American record labels and publishers who own the rights to songs will get 71.5% of the revenue from compositions played on Apple Music.

That number will be slightly higher outside of the US, averaging near 73%. Apple will not pay royalties during the three-month free trial period, apparently offsetting the slightly higher-than-average payouts after the free trial.