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.
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.
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.
Tim Cook and Apple CFO Luca Maestri will run through all the numbers with investors today at 2 p.m. Pacific. As usual, Cult of Mac will be liveblogging the action with all the analysis and snark we can muster.
Apple is set to reveal its second quarterly earnings report of 2017 next Tuesday, and based on early estimates from analysts, Tim Cook might not have much to boast about.
Wall Street has been in love with Apple stock the last few months, sending it to all-time highs since the last earnings report came out. But with the holiday shopping season over and a lack of new products to boost sales, Apple’s numbers may look a bit flat.
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.