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Apple (AAPL) Stock Climbs, Proposing Simpler Royalties Payments

NEW YORK (TheStreet) -- Shares of Apple (AAPL) are up 1.07% to $99.84 this morning after the company filed a proposal with the government that suggests simplifying streaming royalties payments for services like Spotify, Tidal or its own Apple Music.

The company suggested to the Copyright Royalty Board that services should pay 9.1 cents per 100 plays per song to artists. The current formula for payment is dictated by complex federal rules, leaving musicians unsure of what and how they're being paid, the New York...