Music labels have reportedly refused to lower their prices for Apple's new streaming service - but the company may be willing to pay big money to 'lock in' labels and artists with exclusivity deals.
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Jimmy Iovine is a mastermind when it comes to business. Along with his partner Dr Dre, he sold beats to Apple for $3 billion dollars USD. Now we finally learn how Iovine pitched Beats to Apple.
The Beats music subscription service will reportedly be rebranded under iTunes, and pushed to all iOS devices in an OS update next year - but it will continue to operate on a paid subscription model.
A new report from the WSJ is claiming that Apple paid $2.5B for Beats Electronics (the headphone arm) and under $500M for Beats Music (the steaming service) leading to questions about Apple's plan.
A royalty report leaked to music blog Trichordist shows that Beats Music, the streaming service linked to Beats headphones, has just 110,000 subscribers as of March, 49k of those being single-user.
The Wall Street Journal is reporting that Dr. Dre and Jimmy Iovine will take on senior roles at Apple following the $3.2 billion acquisition, which was first reported earlier this week.
The Beats Music app for Windows Phone 8 has finally been released, offering yet another option to stream or download songs from a library of 20 million music tracks.