Negotiations for new Apple Music deals are currently underway with record labels and this time around Apple wants to come away with a much bigger cut of the revenue after overpaying for the last two years.
The company is likely to get its wish too, according to a new report that reveals the labels are supposedly open to the possibility of taking a smaller share as long as Apple Music is able to continue growing.
I know, you’re tired of hearing, “Frank Ocean’s new album is amazing!!!” Me too. I’m interested less in the album itself, and more in what it means for the future of music.
With a pair of Apple Music exclusives, Frank Ocean pulled a fast one on his old record label — and shook up the the entire record industry. It’s the latest indicator that Apple sits at the center of a rapidly evolving music industry, where rules and strategies are changing by the minute. Now everyone from Spotify to Universal Music Group is frantically trying to figure out what to do.
Back in February, the Australian parliament demanded explanations from Apple, Adobe, and Microsoft over the prices charged for their products down under, with some goods costing as much as 70% more than they do in the United States. Apple has today responded to the inquiry, but don’t expect the Cupertino company to be reducing its prices anytime soon.
As Apple continues to ramp up development on its new music streaming service, negotiations with record labels haven’t been going well.
Apple’s music streaming service is rumored to be similar to Pandora’s radio service, but rather than settling with the same royalty rate that Pandora enjoys, Apple is trying to lowball record labels into giving them a better deal.
Google is preparing to take on companies like Spotify and Rdio with a new YouTube music streaming service, according to sources in the record industry, who have been speaking to Fortune. The service, which is expected to launch later this year, could be available for free, but there will be subscription options for those who don’t like to see advertisements.
One of the big questions about Apple’s upcoming iTunes Match is how the online music service will handle songs acquired from non-standard sources, like analog LPs, or yes, file-sharing networks.
Coming this fall, iTunes Match will scan your iTunes library and make available in the cloud all the songs you’ve purchased online or ripped from CDs.
But Apple hasn’t explained what will happen with songs encoded from sources like tapes or LPs; or those couple of tracks you accidentally downloaded from a file-sharing network and forgot to delete. Will iTunes Match reject these songs or make them available?
In theory, the system should recognize most digitzed music. Apple has explicitly said it will not discriminate based on source, and someone likely ripped the songs from CD before sharing them with the world.
We’ve found a way for you to check how iTunes Match will treat your music library before Apple makes it public.
While the iTunes in the Cloud and iTunes Match features unveiled at WWDC this week have since been the center of attention for user in the U.S., users across the pond in the U.K. are still wondering when these features may be available to them. According to record label executives and music analysts, us Brits won’t get our hands on them until at least 2012.