Apple's song royalty rate proposal would hit Spotify right in the wallet

Apple’s latest move to shake up the music industry could up-end Spotify’s entire business model. The company filed a proposal late last week with the Copyright Royalty Board, a commission of three judges appointed by the Librarian of Congress to set the rates and terms for songwriting royalties, to simplify the costs per stream. Apple thinks every service should pay 9.1 cents per every 100 plays, which would make it easier for artists to figure out what they’re owed. But for s