Apple Music drives first serious music industry growth since 1999

By

samsung-may-take-on-apple-music-by-acquiring-tidal-image-cultofandroidcomwp-contentuploads201511Apple-Music-Android-jpg
Apple Music is doing good in the eyes of record labels.
Photo: Jim Merithew/Cult of Mac

Apple Music is having a big impact on the profitability of the music industry, according to a new report from the Recording Industry Association of America.

How big? Apple Music is one of the key players driving what looks to be the recording industry’s first back-to-back yearly growth since 1998-1999.

Apple denies it has plans to acquire Tidal

By

apple music app
Apple's got 99 problems, but a Tidal acquisition ain't one.
Photo: Ste Smith/Cult of Mac

Jay Z and Apple aren’t going to be joining forces anytime soon, according to Apple Music head honcho Jimmy Iovine.

In a new interview, Iovine poured cold water on Tidal takeover rumors, saying: “We’re really running our own race” and “we’re not looking to acquire any streaming services.”

Surge in Spotify subscribers makes it twice as big as Apple Music

By

Spotify
Exclusives aren't slowing down Spotify.
Photo: Jim Merithew/Cult of Mac

Apple Music doesn’t appear to be slowing Spotify’s growth at all, based on the number of paid subscribers the rival streaming service has added in 2016.

During the iPhone 7 event, Apple boasted that it has 17 million paid subscribers. Spotify CEO Daniel Ek fired shots back on Twitter this morning, revealing his company has more than twice as many paid music listeners.

Apple Music is ruining Spotify’s negotiations with record labels

By

Spotify
Exclusives aren't slowing down Spotify.
Photo: Jim Merithew/Cult of Mac

Negotiations between music streaming service Spotify and all three major record labels have hit a snag lately and Apple Music is a big reason why.

Spotify’s licensing agreements with Sony, Universal Music Group and Warner Music Group have reportedly been on a rolling month-by-month basis for much of 2016, yet the companies haven’t been able to hammer out long-term deals yet because Spotify isn’t willing to share as much revenue as Apple Music.

Amazon could beat Apple to $5 per month streaming music

By

amazon-echo-keeps-you-up-on-the-times-while-spitting-mad-rhymes-image-cultofandroidcomwp-contentuploads201411Screen-Shot-2014-11-06-at-173652-png
Cheap streaming music could be another selling point for Amazon Echo.
Photo: Jim Merithew/Cult of Mac

Amazon is looking to launch its own Amazon Echo-exclusive streaming music service, and according to a new report the company might beat Apple to the much-sought-after $5 per month subscription price point.

For those who don’t remember, one of the big rumors about Apple Music was that the company wanted to charge users five bucks a month, based on the idea that the average iTunes user spends $60 per year on downloaded music, which translates to $5 per month.