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The concerns expressed by independent music labels underscore an ongoing discourse within the music industry surrounding the adoption of augmented spatial audio royalties by Apple Music.
Apple Music announced that it would be paying 10% higher royalties to artists who produce music that is available on Spatial Audio.
The Biden Administration recently announced that it will resume lease sales for oil & gas drilling on federal lands, but that it would also raise the federal royalties that companies must pay in order to drill.