Rumor Fact(ory): Apple’s will ditch Beats brand, offer social features to artists

Today brings a fresh batch of rumors and sneak peaks into Apple’s forthcoming music service, as usual courtesy of 9to5Mac. Unnamed industry sources told the site that despite being based on Beats Music, the new platform is likely to be called Apple Music. It is also expected to integrate social features similar to ones that Apple previously experimented with in the form of Ping. Continue Reading

Beatport posts decreased Q1 download revenue

The general trend in the music industry has been a steady decline in sales of downloads, and that appears to be impacting even niche stores. EDM and DJ specialty platform Beatport’s financial information was released in the quarterly filings for parent company SFX Entertainment. In the first quarter this year, the company’s revenue from digital downloads totaled $8.9 million, compared with $11.6 million for the same metric in the year-ago period. Continue Reading