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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

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Apple’s WWDC 2017 debuts the HomePod voice-activated speaker

This year’s WWDC announced Apple’s foray into WiFi speakers, bringing it into direct competition once again with Google and Amazon for control over music and audio in your home. The new device is called HomePod, and it will retail for $349. The initial launch is this December for the U.S., the UK, and Australia, with a broader global rollout next year. Continue Reading

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Apple Q2 2017 results show overall growth, few insights on Apple Music

Apple has posted its Q2 2017 results. Quarterly revenue for the tech giant totaled $52.9 billion, up from $50.6 billion in the year-ago period. Apple does not break out any of the financial details for its streaming music platform, but that product is included in its Services arm along with revenue from any of its digital content. Continue Reading