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Apple Music, which was unveiled Monday and scheduled to launch at the end of the month, will offer subscribers access to a vast library of songs for $10 a month, but has no free on-demand tier unlike industry leader Spotify and others. Cary Sherman, chairman and chief executive officer of the Recording Industry Association of America says that despite the generally positive reaction to Apple's announcement, some music companies are still concerned because of the tough economics of the streaming business. Premium subscriptions offer slightly better payouts to record labels and their artists than free services, but not as much as digital downloads. However, Jeff Price, the CEO and founder of Audiam says that Apple's sheer volume of existing users - roughly 800 million accounts on iTunes - could significantly increase the payoff for publishers.
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