streaming November 19

AAPL: 118.78

Stock Chart

Update 10:20PM ET: Jimmy Iovine has issued an apology to BuzzFeed News for his controversial quote regarding him believing women have a “difficult” time finding music:

“We created Apple Music to make finding the right music easier for everyone — men and women, young and old. Our new ad focuses on women, which is why I answered the way I did, but of course the same applies equally for men. I could have chosen my words better, and I apologize.”

Apple executive Jimmy Iovine and popular recording artist Mary J. Blige sat down with the hosts of CBS This Morning earlier today to discuss Apple Music. A couple of months back, Apple debuted a new TV ad for its music streaming service starring Blige along with actresses Kerry Washington and Taraji P. Henson. In the ad, the three stars described Apple music as the “Instant boyfriend mixtape service” and touted that the For You feature is the equivalent of having a boyfriend inside your computer.

expand full story

streaming November 16

AAPL: 114.18

Stock Chart

Pandora announced today that it’s acquiring Rdio for $75 million with plans to integrate the competitive music streaming service’s technology into its own service pending the usual government approvals. expand full story

streaming November 12

AAPL: 115.72

Stock Chart

Apple’s fourth-generation Apple TV has been available for two weeks now and after using it using it exclusively for all my media consumption, I’ve gathered a handful of thoughts. When Apple announced the device back in September, I was perhaps more excited for it than I was the iPhone 6s. And rightfully so. Tim Cook touted the new Apple TV as the future of television, using superlatives that seemed extreme even for Apple. The device had been a long time coming, too, which further contributed to the hype in my mind that surrounded the release.

As someone who had incredibly high hopes for the fourth-gen Apple TV, what do I think of it two weeks later? Let’s discuss…

expand full story


streaming November 9

AAPL: 120.57

Stock Chart

Just a week after Plex released its official app for the fourth-generation Apple TV, popular media player VLC has today announced that it is looking for beta testers for its app. Details on the app’s features are still sparse, but we can only assume that it will let you play all sorts of media formats on the device.

expand full story

streaming November 6

AAPL: 121.06

Stock Chart

CNN Money has today shared the second part of its interview with Apple SVP Eddy Cue. In the first part of the interview, shared last week, Cue noted of how the Apple TV has graduated from the “hobby” stage and sold more than 20 million units. While sales of the new fourth-gen box are unclear at this point, Cue did hint at some future features come to the device in part two of the interview, as well as  Apple’s ultimate goal with the tvOS platform.

expand full story

streaming October 20

AAPL: 113.77

Stock Chart

The big question mark over Apple Music has been how many customers would choose to try it out, and – crucially – how many of them would be willing to pay for the service once the free trial ended. Tim Cook answered both questions yesterday, revealing that the service currently has 15M subscribers, of whom 6.5M are paying customers.

There are still plenty of unknowns, of course. We don’t know the exact split between individual and family subscriptions (though family subs were around 18% back in August), and we don’t know how subscribers map out across the countries – both of which we’d need to know to accurately calculate how much Apple is earning from the service.

But if we do a back-of-an-envelope guesstimate and say that the split between solo and family accounts is around 80/20 and that the costlier countries like those in Europe cancel out the cheaper ones like India, then an average monthly subscription of $11 times 6.5M customers gives us $72M a month. Multiply that by 12 months, and we can get $858M Apple Music revenue per year. Given that this is all very rough and ready, let’s call it a billion dollars a year in round numbers …  expand full story


Submit a Tip


Submitting a tip constitutes permission to publish and syndicate. Please view our tips policy or see all contact options.

Powered by VIP