Apple Trying To Undercut The Going Rate For Streaming Radio, Report Claims

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http://techcrunch.com – Just after reports peg Apple brass as meeting with Beats to discuss streaming music services, a new story in the New York Post today claims that the Mac maker is in talks with labels about such a service, but is already hitting a lot of resistance over its proposed terms. Apple initially offered 6 cents per 100 songs streamed, according to the Post’s sources, which is around half what Pandora reportedly pays. The Post’s sources provided info on what other competitive services are paying out to labels in order to secure rights, and Pandora comes in lowers at 12 cents per 100 son (IT news)