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Cheekily he adds: "In the big picture the Radio Times [the leading UK-based TV guide] should be doing this but they are not, so we'll do it for them and sell them a white label license!" More seriously he adds: "We think we can do the social space better and offer better tools for user generated content about and around TV shows too".
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Having label licenses would allow Apple to design a more elaborate and efficient system.
But for the sniffiness of major label licensing, Coldplay's Chris Martin would have been a fwend too.
Whenever a label licenses their music catalogue to any entity – TV, film, iTunes, Spotify etc – the label keeps 50% and musicians get to split the rest.
It appears that in only two instances has a recording label licensed a large portion of its catalog to a start-up for on-demand sale to consumers.
The company hopes that features including track downloads for offline listening, and a bigger music catalogue courtesy of label licensing deals, will persuade some of its free listeners to start paying.
Having secured $110,000 as back payment on royalties owed, on which he earned a "finder's fee" of 25 per cent Klein set up Tracey as a separate label licensing Cooke's masters to RCA, thus guaranteeing the soul singer artistic control.
The big label licensing agreement is the company's latest move toward a more legitimate business model since its rival Google began directing mainland Chinese Web users to its Hong Kong site in March 2010.
Indeed Naxos has gone from being a bargain-basement label licensing core repertoire recordings from obscure Eastern European orchestras and conductors to a super-budget label hosting top-flight international talent like Vasily Petrenko and the Royal Liverpool Philharmonic Orchestra whose cycle of Shostakovich symphonies is continuing to pull ecstatic reviews from across the globe.
SoundCloud — the audio streaming startup approaching 200 million users whose catalogue is based around user-generated content — has struggled with mounting losses and label licensing, while it plans new monetizing features.
When the record labels sell "copies" of music, the artist typically receives a 10-15% royalty, but when the labels "license" the music to another entity, most artists typically receives a 50% royalty.
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