Jimmy Iovine says free music streaming is screwing artists

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Apple Music doesn't have a free tier.
Photo: Apple

Jimmy Iovine wants people to pay for music again and he’s got a plan that just might work: make free music streaming suck.

The Apple exec and music industry legend sat down for a new wide-ranging interview, during which Iovine lamanted that artists aren’t getting paid enough for their music anymore. And it’s mostly Spotify and YouTube’s fault.

Rare Prince concert video might be Apple Music’s next exclusive

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Apple Music's 3-month trial is no longer free for all.
Photo: Apple

Apple Music may soon get exclusive streaming rights to an unreleased Prince concert that was performed as a surprise in Minneapolis just before the release of his iconic Purple Rain soundtrack.

If Apple does land the rights, the company may owe a big ‘thank you’ to its rival Spotify, which employs the executive negotiating the deal.

TV shows are coming soon to Snapchat

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Snapchat is taking TV serious.
Snapchat is taking TV serious.
Photo: Snap

Snap Inc apparently wants in on the hottest new trend among tech companies: TV shows.

Following the lead of Amazon and Twitter, Snapchat reportedly plans to start showing vertical short films in its app. Only instead of doing all the work on its own, the company is inking deals with some of the biggest names in media.

Trouble in China, iPhone slump and other Apple earnings surprises

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How will investors respond to Apple's relatively flat earnings?
How will investors respond to Apple's relatively flat earnings?
Photo: Ste Smith

Apple’s Q2 earnings report for 2017 just barely beat Wall Street’s expectations when the numbers were revealed this afternoon, but there are plenty of reasons to still be optimistic about AAPL.

During the company’s call with investors today, Apple CEO Tim Cook and CFO Luca Maestri discussed some of the struggles the company experienced last quarter, from slumping iPhone sales to economic headwinds in China.

Here are the biggest takeaways:

Liveblog: Just how good (or bad) was Apple’s Q2?

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Apple's money-making machine is on a new level.
Photo: Steve Smith

What to expect from Apple’s Q2 2017 earnings report

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Tim Cook and Luca Maestri will reveal Apple's Q2 earnings.
Apple made a ton of money last quarter.
Photo: Jim Merithew/Cult of Mac

Today in Apple history: iTunes Music Store opens its doors

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The iTunes Store launched 14 years ago today.
Photo: Apple

April28 April 28, 2003: Apple opens the iTunes Music Store, revolutionizing the music industry and digital distribution of content.

At a time when getting music online mostly means illegal downloads from pirate services like Napster, iTunes quickly proves that customers will pay for songs, provided the service is good enough.

Apple inks deal with social video app Musical.ly

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Musical.ly
Apple wants to appeal to tween and teen users.
Photo: Musical.ly

Update: Musical.ly’s partner 7digital denies that it is being replaced by Apple Music, with CEO Simon Cole saying it “just signed a renewal agreement with Musical.ly” and has “in no way ended our working relationship.”

Apple has reportedly teamed up with Musical.ly, a popular music-themed app for video creation, messaging and live broadcasting.

Starting today, Apple Music will be the service that supplies songs for the social network app, replacing joining existing provider 7digital.