Nikki Sixx Thinks Apple Did The Right Thing, Hopes It Wasn't 'Old Business'

Loading...
Loading...

It seems Apple Inc. AAPL doesn't want to take any chances in making Apple Music a success. The company recently changed its policy on not paying artists for the initial 90-day free subscriptions of Apple Music after singer Taylor Swift refused the company the right to stream songs from her album "1989" on its platform.

Nikki Sixx, co founder and bassist of Motley Crue, was on CNBC to weigh in on this episode and to discuss whether Apple can be the dominant player in the streaming music business.

Did The Right Thing

"First of all, I want to say that I have always been a big fan of Apple and their platform and what they've done for artists," Sixx began. "But sometimes with technology as things are moving, things get lost. They just kind of get lost in a wormhole, they get overlooked and, so I'm going to hope that that's what happened. It wasn't an old record company trick and old business, but they did the right thing."

Related Link: Billy Corgan: Music Business, Apple Keep 'Making The Same Mistake Over And Over Again'

Building A Better Mousetrap

Sixx was asked if Apple can be the dominant player in the music streaming space. He replied, "They're the biggest business in the world. If you look at it that way, they do have an upper hand. Are they the first with this technology and this idea? Absolutely not. Can they build a better mousetrap that's more artist friendly? We would hope that everybody is moving towards that."

Concerning For Artists

"Here's the concerning part: when you're a company the size of Apple and you have $200 billion in the bank, simply on your interest alone you're making $10 billion. Now, $10 billion is more than most major corporations make. So, for them to not want to pay the artists on 90 days streaming service is concerning to artists," Sixx said.

Loading...
Loading...
Posted In: CNBCTechMediaApple MusicNikki Sixx
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...