News keeps trickling in about Apple’s upcoming iCloud music service, with the latest report coming via the New York Post which relays that Apple paid the four music labels upwards of $150 million in order to get them on board with its planned streaming service. Earlier this week, Apple finally got Universal to sign on […]
Continue reading...Tuesday, May 31, 2011
Comments Off on Apple to shore up licensing deals with all 4 major record labels ahead of iCloud announcement
Apple earlier today issued a press release announcing that CEO Steve Jobs will deliver this year’s WWDC keynote where he will not only unveil OS X Lion and iOS 5, but will also showcase Apple’s upcoming cloud-based initiative dubbed iCloud. There have been a bevy of rumors as of late circling around Apple’s efforts to […]
Continue reading...Tuesday, May 24, 2011
Comments Off on Apple inching closer to inking licensing deals for clould-based music
By Luis Estrada: Apple is inching closer and closer to securing a licensing deal with the four major record labels that would enable Apple to announce its rumored cloud music service in two weeks when WWDC kicks off on June 6. The latest is that Apple has already secured deals with EMI Music, Warner Music, […]
Continue reading...Tuesday, March 9, 2010
According to a recent report from iPodNN, Apple’s iTunes LP initiative was not an in-house idea, but was instead done at the behest of record labels seeking to increase album sales. The creation of iTunes LP was largely the result of major label pressure on Apple, a series of telling leaks has revealed. Music industry contacts claim that […]
Continue reading...Monday, July 27, 2009
In an effort to boost high margin digital music sales, and perhaps convince the few remaining hipsters¹ out there to migrate over to iTunes, Apple is working with the big 4 record companies to establish downloadable and interactive booklets that would be bundled with full album purchases on iTunes. According to a report in the […]
Continue reading...Tuesday, July 14, 2009
In the latest sign that Apple is becoming more comfortable with variable pricing on iTunes, the Cupertino-based company today unveiled a new pricing scheme that should satiate the music appetite of music lovers. In honor of the 60th anniversary of the 45 single record (which offered 2 songs at a low price), Apple and the […]
Continue reading...Monday, June 22, 2009
Comments Off on Variable pricing on iTunes already generating more revenue for record labels
At Macworld 2009, Phil Schiller announced that Apple would for the first time allow record labels to begin implementing variable pricing on the iTunes Music Store. Instead of a blanket 99 cent price point, record labels would now have the option to charge $1.29 for more popular songs and $0.69 for less popular tracks. Variable […]
Continue reading...Tuesday, April 21, 2009
Sometime last week, a few reports emerged detailing how quite a few number of songs whose price was increased from 99¢ to $1.29 experienced a sales decline. From the vantage point of the record labels, this is hardly a reason for concern as they can sell a significantly lower number of songs and actually end […]
Continue reading...Tuesday, April 7, 2009
As expected, some songs in the iTunes store are now selling for $1.29, marking the first time since iTunes was first launched that songs have been priced over 99 cents. As of now, 10 out of the top 20 songs on iTunes are currently selling for $1.29 a pop.
Continue reading...Monday, March 9, 2009
Cleanin’ out my docket. Wow, a new level of nerdity. Eminem’s production company, FBT Productions, recently lost their legal case against Universal Records where they alleged that artists should be entitled to higher royalty rates on sales made via iTunes. The demand for higher royalties wasn’t limited to music, and was actually made to encompass […]
Continue reading...Saturday, February 14, 2009
Check out this video from 2003 of Steve Jobs introducing the iTunes Music Store. Jobs is at his best, and does a masterful job of really selling the idea of the iTunes Store. In regards to quality of presentation, it’s clearly one of Jobs’ best performances, rivaling the announcement of the iPhone in 2007.
Continue reading...Sunday, February 1, 2009
We recently posted a link to a great interview Steve Jobs did with Playboy in 1985. In keeping with the trend, we thought we’d post a link to an interview Steve Jobs did with Rolling Stone in 2003, right as the iPod was starting to become a pop culture icon. As usual, the interview is […]
Continue reading...
Friday, June 3, 2011
Comments Off on Apple paid record labels up to $50 million each for iCloud streaming