Remember when we thought iTunes Radio would be a legitimate competitor to Pandora? Well that was foolish of us because iTunes Radio hasn’t done anything to disrupt, let alone “kill,” music streaming services such as Pandora and Spotify. More →
You must be kidding: European regulators are already ‘concerned’ about Apple’s new music streaming service
Apple today is more wildly successful and popular than ever before. One might even reasonably say that Apple, for a variety of reasons, is the most influential tech company on the planet today. But sometimes, being the top dog brings with it a whole new host of problems.
The latest chapter from Apple’s “heavy is the head that wears the crown” saga is that European regulators are already looking into Apple’s discussions with record labels as it pertains to the company’s upcoming Beats streaming service. Apparently, Apple can somehow attract the attention of regulatory agencies for a service that doesn’t even officially exist yet.
When Apple acquired Beats Music for $3 billion last May, it instantly became the company’s most expensive purchase ever. While the dollar amount involved in the deal might have raised some eyebrows, the acquisition target certainly did not.
With streaming music sites like Pandora and Spotify still gaining in popularity, Apple’s need to get into the streaming music business abundantly clear. And given the tepid product that was iTunes Radio, Apple arguably had no other choice but to go big and bring on an established music-brand if it ever wanted to truly compete with the likes of Spotify.
It’s fair to say that Apple completely missed the boat on music streaming. Content with healthy downloads from the iTunes Music Store, Apple gave plenty of breathing room to crafty upstarts like Pandora and Spotify who slowly but surely started putting large dents into the traditional digital download business.
These days, digital downloads are on the decline as consumers are increasingly showing less of an interest in owning their music. Apple, of course, has plans to get into the streaming business thanks to its $3 billion acquisition of Beats Music last year.
That said, Apple’s 2013 rollout of iTunes Radio doesn’t exactly instill confidence that Apple gets music. Which, not surprisingly, is part and parcel why Apple bought Beats in the first place — music industry talent and savvy.
Apple is developing it’s own iTunes music streaming service, and that’s not exactly a secret considering that it already owns Beats Music. But Business Insider has learned more details about this secret music project and suggests the company is preparing a massive overhaul for its iconic iTunes service in the process. More →
Apple revolutionized the music industry with the iPod and iTunes, but leadership is cyclical and the company fell behind the times as streaming music services like Pandora and Spotify grew more popular. iTunes Radio was Apple’s first real attempt to bring music streamers back to the Apple camp, but it apparently didn’t have quite the impact Apple was looking for… so it bought Beats for $3 billion.
It’s been hinted at repeatedly ever since Apple acquired Beats Electronics earlier this year, but it looks like the Beats Music paid subscription service is finally going to become an inseparable part of iOS devices in 2015. Financial Times reports that the service could make its way into an iOS software update as early as next March, according to those familiar with the matter. More →
It’s safe to say that Apple didn’t buy Beats primarily for its overpriced and overrated headphones. Instead, it’s more likely that Apple bought Beats because many of its executives — most notably Jimmy Iovine, Dr. Dre and Trent Reznor — all have extensive connections and influence in the music industry. With these influential music industry figures on board, argues Neil Cybart, Apple can create a music streaming service around Beats Music that will offer artists significantly more value than what they’re getting from Spotify. More →
It’s been a few months since Apple acquired Beats Electronics, but the merging of products and services has only just begun. One of the first questions many of us asked when the acquisition was announced was what would happen to the relatively new Beats Music streaming service. Apple hasn’t provided an answer yet, but The Wall Street Journal is the latest publication to report that Beats Music will eventually merge with Apple’s own music service. More →
There really has never been a better time to be a music fan — particularly if you’re a music fan who loves exploring vast catalogs of music that you won’t find on any top 40 radio stations. Pandora and Spotify have proven to be the two most popular music streaming services so far but there are plenty of competitors that are lining up to take the crown, led by Apple and its newly acquired Spotify rival Beats Music. All this added competition can only mean one thing: Streaming price wars are coming. More →
Apple has a new plan for its most recent music business initiative, hoping to undercut Spotify and other rivals by making its own Beats Music streaming subscription more affordable for users. Re/code has found out that Apple is already negotiating with music labels to cut its costs for streaming music licenses. More →