0

Rumor Fact(ory): Tesla to make its own streaming service

Car manufacturer Tesla is reportedly considering the creation of its own streaming music service. Recode picked up the story, reporting that Tesla has had talks with the three major labels about licensing for a proprietary music platform. Sources have not disclosed the extent of Tesla’s music ambitions, but most likely a music service would be available exclusively in the manufacturers’ electric cars. Continue Reading

0

Apple seeking lower revenue share payouts to labels

Apple is reportedly looking to renegotiate its deals with record labels in a move that could reduce the share of revenue it needs to pay out to those industry players. Unnamed sources told Bloomberg that the talks cover both Apple Music and iTunes. The current deals are slated to expire in June, but could be extended if new terms are not reached, according to the sources. Continue Reading