For the first time in history, digital music sales topped the physical sale of music. According to a Nielsen and Billboard report, digital music purchases accounted for 50.3% of music sales in 2011.
Apple’s new iTunes Match service will scan a user’s library of songs, including those ripped from their own CDs, and match the songs up with the library of 18 million songs available through iTunes for $24.99 per year.
Record-store owners owe Apple iTunes a tremendous debt of gratitude for being an uncaring, scatter-brained, inhuman little jukebox: It’s saving their skin right now.
The running narrative in the music world during the past decade is that the physical album is dead, and file-sharing, downloads and, most notably, Apple’s iTunes killed it. Yes and no.
Google is in talks to begin offering its own streaming music service.
PING and its parent company, Karsten Manufacturing Corporation, announced today that they have entered into an agreement with Apple under which Apple will use the PING trademark in connection with Apple’s innovative new social music discovery feature in iTunes. Apple introduced the iTunes PING feature today.
Apple is shutting down the Lala music service on May 31, triggering new speculation about a cloud-based subscription version of iTunes.
Spotify, a virtual digital jukebox and Europe’s largest legal online music site, aims to start U.S. operations in the third quarter of 2010.
The creation of iTunes LP was largely the result of major label pressure on Apple, a series of telling leaks has revealed. Music industry contacts claim that the ‘deluxe’ albums were a necessary part of the same deal that also forced variable song pricing in exchange for an all DRM-free catalog. The RIAA member labels, not Apple, wanted to resuscitate album sales and thought the bundle of special features would achieve the goal.
For years there’s been speculation that Apple would supplement their $1/song (now $1.29) iTunes business with a monthly subscription service, but their upcoming plans are quite different and once again are positioning them to lead the digital music industry into a new era. Leveraging their ubiquitous iTunes software Apple plans to upgrade their users almost over night to a cloud music service in an ambitious move to beat Amazon and others to a cloud music service. Record labels are wary to give Apple even greater dominance which is why Apple’s new strategy is designed to sidestep new licenses from the major labels.
iTunes. You know it. I know it. We all have some sort of a relationship with it, whether it’s love for the things it does or hate for how bloated it has become.
