Apple has made a deal for songs from Warner Music Group (WMG), the company’s first agreement with a major label since introducing its on-demand music service two years ago, reports Bloomberg, quoting unnamed “people familiar with the matter.”
WMG is is an American multinational entertainment and record label conglomerate headquartered in New York City. It’s one of the "big three" recording companies and the third largest in the global music industry, next to Universal Music Group (UMG) and Sony Music Entertainment.
The company owns and operates some of the largest and most successful record labels in the world, including its flagship labels Warner Bros. Records, Parlophone and Atlantic Records. Its roster of artists includes Ed Sheeran, the Red Hot Chili Peppers and Bruno Mars.
Warner will make its catalog available for both the iTunes Store and the Apple Music streaming service. Apple plans to pay record labels a smaller percentage of sales from Apple Music subscribers than it did under its first deal for the streaming service, according to Bloomberg.