Apple acquires Shazam

Over the weekend TechCrunch broke news from undisclosed sources in Apple that the tech giant was close to acquiring market-leading music-ID platform Shazam — Apple confirmed the acquisition this morning. The enormously popular and influential Shazam has historically taken the role of Switzerland, standing in the midst of Spotify, Napster, Apple Music and others, offering to funnel ID’d songs to the user’s preferred listening platform. That could change. Continue Reading

Apple Music has 30 million subscribers, plans to convert many more

Apple Music has surpassed 30 million subscribers. That’s the top-line takeaway from Billboard’s recent conversation with the streaming service’s leadership. Jimmy Iovine, Zane Lowe, and Larry Jackson sat down with the publication to talk about their strategy for attracting even more paying listeners and expanding into all sorts of new exclusive content. Continue Reading

Apple reportedly renegotiates lower payments to Warner

Apple has reportedly inked a new licensing deal with Warner Music Group. Unnamed sources told Bloomberg that the updated arrangement will see Apple paying a smaller share of its revenue. The tech company may also be near to a similar deal update with Sony Music Entertainment, although does not appear to have progressed in talks with Universal Music Group. Continue Reading

Apple posts record high services revenue in Q3 2017

Apple’s Q3 2017 financial results contained some surprises, including on-year revenue spikes in several segments. The services division, which includes Apple Music subscriptions and other digital content, posted a record high revenue of about $7.27 billion. CEO Tim Cook said the results marked “an all-time quarterly record for services revenue.” Continue Reading

Apple discontinues two iPod products as smartphones continue to rule mobile music

Apple’s mobile devices have been keystones of its product family for much of its present-day business. In 2017, we are seeing the shifts in where Apple is putting its resources and what it views as trends for music, where the company has long worked to position itself as a leader. First, this year marked the 10-year anniversary of the iPhone. Second, Apple has discontinued both the iPod Nano and iPod Shuffle. Continue Reading