Record industry warily embraces Apple Music

Business Jun 11, 2015

Record industry warily embraces Apple Music

A decade ago, Apple Inc. helped revitalize a music industry hit hard by online piracy with its iTunes Store. Now, amid a steady slump in digital downloads, the industry is hopeful that the tech giant's new streaming service will give record companies another desperately ...

Spotify, Pandora help slow decline in record sales

Music Apr 17, 2015

Spotify, Pandora help slow decline in record sales

by Kristen Schweizer

The decline in worldwide recorded-music revenues slowed last year as more people subscribed to online services. The proportion of sales from digital destinations equaled those from physical formats for the first time. Global revenue for the industry, whose best-selling album was the movie soundtrack to ...

Jay Z lays blueprint for streaming success

Music Mar 17, 2015

Jay Z lays blueprint for streaming success

by Mike Sunda

Hip-hop megastar Jay Z, real name Shawn Carter, has fulfilled all the conditions to complete a takeover of Swedish technology company Aspiro, after shareholders gave the necessary approval to his offer. The Roc-A-Fella boss will hope that success is beyond reasonable doubt for Aspiro, which ...

Music Dec 23, 2014

Lower sales affected acts worldwide

by Patrick St. Michel

The Japanese music market has faced hard times as of late. Starting with an announcement from the International Federation of the Phonographic Industry in March that the country's music sales dropped 16.7 percent in 2013, the past 12 months saw no particular upswing in ...

Taylor Swift pulls music from streaming service Spotify

Music Nov 4, 2014

Taylor Swift pulls music from streaming service Spotify

by David Bauder

Spotify stopped streaming Taylor Swift's music at her request Monday, setting up a business struggle between the industry's most popular artist and the leading purveyor of a new music distribution system. The music streaming service sounded like a spurned boyfriend in a statement announcing the ...

Will Dr. Dre and Jimmy Iovine beat Spotify?

Music Jan 14, 2014

Will Dr. Dre and Jimmy Iovine beat Spotify?

by Matthew C. Klein

Buying music is passe; nowadays it's all about renting. Billboard reports that sales of "album plus track equivalent albums" fell by 7.6 percent in 2013. (Among subcategories of both digital and physical media, only vinyl sales increased last year.) The new hot trends are ...