NEW YORK ( TheStreet) -- As Apple ( AAPL) readies its new music streaming service to go live next week, big-name artists are starting a fight over compensation that might keep the platform from getting off the ground.
Taylor Swift, who pulled her entire music library from Spotify late last year, now says that her newest album, 1989, won't be available for streaming on Apple's new service, according to BuzzFeed. Other independent music labels are starting to follow suit.
Adele, Bon Iver, The White Stripes, Vampire Weekend and The xx are all part of the Beggars Group label, which announced that it also won't be a part of the Apple Music launch. The group's principal concern is over the free, three-month trial Apple is offering its users. The company has asked artists to forgo their royalty fees during this trial period, which is a major point of contention with the labels.
"The Taylor ship has sailed," said Mark Mulligan, author of the "Music Industry Blog." Even if Apple were the biggest music service that offered the best rates for artists, it couldn't make it successful without the indie labels, Mulligan added. "That's too big for Apple not to fix."
Apple, for its part, is betting that musicians will accede to the potential of a service that could provide a new and lucrative source of revenue. The company didn't respond to a request for comment for this article.
"(Artists) can hold their breath and ask for more, but the reality is that something is better than nothing," Michael Pachter, managing director of equity research at Wedbush Securities, said in an email. "There is no music union that is going to call a general strike against the streaming services."