Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles. This adjustment alone will not make the music industry sufficiently equitable or fair.' Apple quickly reversed the policy and announced it would pay artists for streams during a trial period, but the tiff left lingering resentment in the industry. Spotify pays roughly 50 to 53 cents on the dollar to labels, and roughly 75 to 80 percent of all its revenue goes to some form of rights holder, including publishers and distributors. 'We also know that paying a penny per stream is only a starting point to righting the wrong of the streaming economy.
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