Amazon announced the addition of a new member to its board of directors. Judy McGrath, former CEO of MTV Networks, was elected to the board in an appointment that will take effect on Oct. 1. She will join the company’s Leadership Development and Compensation Committee, according to the SEC filing that detailed her election. Continue Reading
Apple issued an official welcome to Beats Music and Beats Electronics, indicating that the acquisition, announced in May, is now finalized. “Music has always held a special place in our hearts, and we’re thrilled to join forces with a group of people who love it as much as we do,” the statement on Apple’s website read. Continue Reading
Samsung has added a paid tier to its Milk Music streaming service. The new Milk Premium plan costs $3.99 a month and gives its members offline listening and unlimited song skips. It will also let you turn off the commentary from station DJs and pause the app automatically with the Sleep Timer feature. Continue Reading
Music rights organization BMI has entered a partnership with iBiquity, the developer of HD Radio. The two parties will launch a new program called the HD Radio Artist Spotlight, which is intended to help promote new artists and support established ones on tour. The spotlight’s launch will focus on five of BMI’s country music acts. Continue Reading
As part of its acquisition, Apple has allegedly let go of some Beats employees who were in redundant roles. Reports suggested that Beats Electronics would lose 200 jobs, although the impact on the streaming side of the business, Beats Music, was not clear. Apple’s rep later gave clarification about the rumored job cuts. Continue Reading
Brief news items and worthy reads from around the web. Today — Google buys a raft of domain names that might indicate a name for its new service; IMMF publishes best practices for the digital music industry; U.S.-based Hindi-music service Saavn raising capital. Continue Reading
Things are looking pretty good for Sirius XM following its second-quarter earnings call. The company said revenue increased 10 percent, surpassing $1 billion. Net income for the period was $120 million, and the 2 cents per share earnings met the estimates set by Thomson Reuters analysts. Continue Reading
Rhapsody announced a major milestone this morning, reporting that it has surpassed 2 million paid subscribers across its music services. Considering the company was just touting 1.7 million subscribers in April, it’s making steady progress in attracting new listeners. In related news, Rhapsody expanded its available offerings in several international markets through its Napster division. Continue Reading
Dating app Tinder created a place where members could forge new personal connections based on snap judgements of attraction. Now, two of the app’s veterans have launched a new project that applies the same idea and mechanics to music. Tinder co-founder Christopher Gulczynski and former design vice president Sarah Nick are the brains behind Next, which bills itself as a place for social music discovery. Continue Reading
The European Commission has cleared Apple’s purchase of Beats. The trade regulator determined that while both companies do have overlap in goods and services sold, they don’t have a strong enough joint presence in Europe to cause competition concerns. However, the news isn’t all good for Beats and its likely new owner. Continue Reading
Apple is purchasing Swell in a deal worth $30 million, according to unnamed sources. The app offers personalized streams of podcasts and talk radio programs. It has raised $7.2 million as a startup project but this valuation implies that the tool has a lot more to offer Apple as it overhauls its music services. Continue Reading
Rhapsody has entered into a partnership with Flipps, an app for playing media from a mobile device on a television. Through this arrangement, Flipps will support the discovery and streaming of Rhapsody and Napster’s original video content, including music videos, live performances, and exclusive interviews. The deal is the latest in a busy year for Rhapsody. Continue Reading