Apple acquires Beats

Ending its exercise in delayed gratification, Apple turned rumor into reality by acquiring Beats Electronics for $3-billion. Tellingly, Apple’s press release leads with the streaming music service. “Apple today announced it has agreed to acquire the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software.” Continue Reading

Spotify opens to the important Brazilian market

As expected, Spotify announced at a press event today that the music service is now available to Brazilian users. The expansion marks the 57th country of Spotify’s global reach. Brazil owns one of the ten largest economies in the world by any reckoning — by some accounts the sixth-largest. The country houses a population of 200-million people. Sixty-two percent of Brazil’s citizens are 29 or younger. Continue Reading

RAIN Hotspots: May 18-24

the five most-read articles of the week. Apple updates is podcast app with Siri, with uneven results … A new study provides interesting analysis of streaming music business drivers … Canada sets royalty rates for non-interactive streaming … Spotify at 10-million subscribers … digital magic from a syndicated radio show. Continue Reading

Indie-music consortium claims YouTube strong-arming during music service negotiations

A global music trade organization representing independent musicians, reportedly issued (then removed) a public complaint and threat during negotiations with Google about a yet-to-be-launched YouTube music service. The publicity around this outburst further legitimizes rumors that YouTube is setting the stage for a dedicated music service, and also purportedly shines light on Google’s aggressive negotiations. Continue Reading