Business

Apple's Financial Incentives For Artists Adopting Spatial Audio

By Loudest Team
December 13, 2023
Apple's Financial Incentives For Artists Adopting Spatial Audio

Apple plans to recognize and reward record labels and artists who embrace spatial audio, an immersive audio format surpassing traditional stereo. As per a Bloomberg report, artists adopting spatial audio will receive enhanced incentives starting the upcoming year, potentially resulting in increased royalties.

Given that Apple's audio devices, including AirPods, HomePod, iPhone, and the forthcoming Vision Pro headset, support spatial audio playback, the company's strategic move aims to ensure a substantial catalog of music on Apple Music adopts this feature, positioning it as a distinctive selling point. Importantly, artists stand to benefit even if Apple Music users do not necessarily stream songs in spatial audio; the mere availability of their music in this format qualifies for rewards.

Spatial audio, integrated into Apple Music in 2021 and powered by Dolby Atmos technology, offers a heightened audio experience. Bloomberg notes that artists can choose to remix their older tracks in spatial audio, a process that, according to reports, is not prohibitively expensive. This initiative could particularly appeal to independent musicians and smaller acts.

While competitors like Amazon Music and Tidal also provide spatial audio, Spotify, Apple's major music streaming rival, remains an exception. Despite persistent rumors surrounding a high-quality music format on Spotify, the platform has yet to adopt spatial audio.

Related News

TIPS Industries Achieves 40% Revenue Growth, 61% PAT Surge In...

The company launched a total of 97 new songs, including 18 new film songs and 79 non-film songs. Notable album....

July 25, 2024

UMGB And Coca-Cola Extend Partnership, Unveil New Tracks From Karol...

This collaboration brings fresh and exciting content to music lovers worldwide, including brand new tracks from the acclaimed artists Karol....

July 03, 2024

YouTube Proposes AI Music Licensing to Major Record Labels

According to the Financial Times, the Google-owned video platform is offering Universal Music Group (UMG), Sony Music Entertainment, and Warner....

June 28, 2024

Hoopr Achieves Major Milestone In Content Creation By Surpassing 2...

Solidifying Its Place as the Go-To Platform for Content Creators Nationwide & in 15 Other Countries

May 29, 2024