Search Results for: apple music

Wal-Mart has lost the head of its digital media department. Kevin Swint, once the champion of the retail giant’s music and video services, has left one large empire to join another, according to a report by Rafat Ali of PaidContent.org. Swint is starting the first full week of February as the international head of movies and television at Apple, Inc, where he will be tasked with managing the company’s burgeoning digital video channels. Apple has made clear its intentions to build the reach of its visual content offerings in line with the scope of its successful music distribution efforts. Swint’s… Read more »

Qtrax, a new legal online file-sharing service that allows fans to download songs for free, said on Sunday it will launch with 25 million to 30 million copyrighted tracks with backing from major labels. The free service will be funded through advertising revenue that Qtrax will share with the music companies. Qtrax executives said the company’s digital rights management technology will count the number of times each song has been played in order to fairly compensate artists and rights’ holders, without restricting consumer use. The company has focused on ensuring that its network is free of spyware or adware such… Read more »

U.S. album sales plunged 9.5 percent last year from 2006, continuing a downward trend for the recording industry, despite a 45 percent surge in the sale of digital tracks, according to figures released Thursday. A total of 500.5 million albums sold as CDs, cassettes, LPs and other formats were purchased last year, down 15 percent from 2006’s unit total, said Nielsen SoundScan, which tracks point-of-purchase sales. The shortfall in album sales drops to 9.5 percent when sales of digital singles are counted as 10-track equivalent albums. About 844.2 million digital tracks sold in 2007, compared to 588.2 million in 2006,… Read more »

BoyGeniusReport revives earlier rumors that Apple and Jay-Z will be forming a record label around iTunes. They now expect this new record label to be launched at Macworld Expo 2008. This incarnation of the rumor, however, eliminates Beyonce’s involvement. The new report claims that a “high-up person” associated with Jay-Z has confirmed that plans are “a go”. BoyGeniusReport had previously discounted the July rumors based on a source close to both Jay-Z and Beyonce. Jay-Z recently stepped down as president of Def Jam records after his contract expired on December 31st, saying that “it’s time for me to take on… Read more »

After 2006 — a year when virtually no one managed to launch a digital music service in competition with Apple’s dominant iTunes — 2007 was a refreshing change of pace. Several fresh faces emerged onto the digital music scene this year, buoyed in part by record companies’ newfound willingness to experiment with different business models, but also by the departure of several high-profile competitors. By far the most visible service to throw in the towel this year was MTV’s Urge; now, a new entity called Rhapsody America joins Rhapsody’s technology with MTV’s editorial and music curation staff. Sony began the… Read more »

Nokia Oyj said on Tuesday it has agreed with the world’s largest music group Universal to offer free 12-month access to Universal artists’ music for buyers of Nokia’s music phones. The world’s top cellphone maker said it has signed up Universal Music Group International, owned by French media giant Vivendi, for its new “Comes With Music” offering and is eyeing similar deals with other labels before the offer starts in the second half of 2008. “We are in talks with all major labels. The response from labels has been very, very positive,” said Nokia spokesman Damian Stathonikos. Nokia said the… Read more »

Warner Music Group Corp, the world’s third-largest music company, on Thursday posted a 58 percent drop in quarterly profit, hurt by an industry-wide slump in CD sales, as more fans bought songs online. Although Warner’s revenue rose 2 percent to $869 million in its fiscal fourth quarter, it declined 2 percent when taking out the impact of the weaker dollar. The company also posted weaker international sales, particularly in the United Kingdom. Digital music revenue was up 25 percent at $130 million during the quarter, but this could not make up for the short-fall in compact disc sales. U.S. album… Read more »

Relationships in the entertainment world can be famously fraught. And few are more so these days than the one between Steve Jobs and Universal Music chief Doug Morris. You may recall that Morris recently refused to re-up a multi-year contract to put his company’s music on Apple’s iTunes Music Store. That’s because Jobs wouldn’t ease his stringent terms, which limit how record companies can market their music. Now, Morris is going on the offensive. The world’s most powerful music executive aims to join forces with other record companies to launch an industry-owned subscription service. BusinessWeek has learned that Morris has… Read more »

Vivendi condemned as “indecent” the contract terms between its Universal Music Group (UMG) unit and Apple Inc, the computer maker whose iTunes online store dominates the digital music market. Vivendi is one of many large media companies that are trying to challenge Apple’s grip on the digital entertainment market and obtain more control over pricing. It said it was in talks with rival distributors. “The split between Apple and (music) producers is indecent… Our contracts give too good a share to Apple,” Vivendi Chief Executive Jean-Bernard Levy told reporters at a gathering on Monday organized by the association of media… Read more »

Warner Music Group Chief Executive Edgar Bronfman on Tuesday raised the possibility of selling digital music without copy protection, in what appeared to be a softening of his previous outright opposition. Bronfman told an investor conference that while he did not see a world without digital rights management (DRM), there was a possibility of certain business models working without DRM software, which prevents music fans from sharing songs. “DRM is here to stay, whether it’s here to stay on every business model in the music business is open to question,” he said at the Goldman Sachs Communacopia conference. Bronfman has… Read more »