Report: Apple Is Close to Signing Two Major Music Labels for Its Upcoming Music Streaming Service

CNET is reporting that Apple is very close to signing deals with both Warner Music and Universal Music Group for its upcoming music streaming service. Apple still would have to sign a deal with Sony but snagging two major music labels makes Apple’s streaming service that much more ready for launch. Supposedly, Apple wants to launch its “iRadio” service during summer of this year. More »

UK Cop Reports Son For Fraud After Apple Refuses To Refund In App Purchases

UK Cop Reports Son For Fraud After Apple Refuses To Refund In App PurchasesWe’ve all heard the horror stories behind children who rack up hundreds, if not thousands of dollars on in-app purchases on Apple’s iTunes App Store, leaving parents furious, and even more so when Apple refuses to refund them. While Apple is currently working on helping certain customers get their refund on accidental/unintentional in-app purchases, they have refused to refund the purchases of a 13-year old boy who managed to rack up a bill of around $5,600. Taking place in the UK, Apple refused to give the family a refund, causing the kid’s dad, Doug Crossan, to take rather drastic measures.

According to Crossan, Apple argued that it was the responsibility of the parent to lock their iOS device to prevent such things from happening, and with parental controls available as part of iOS, to a certain extent we can see Apple’s point. So what Crossan did was he reported the action to the Action Fraud Hotline, and what this means is that his son could possibly be arrested and face charges. The goal here is to lodge the complaint as criminal so that his credit card company would have to foot the bill, instead of himself.

A spokesperson at the Home Office who runs the Action Fraud stated that it does not sound like fraud has taken place, and according to the Daily Mail’s legal source, they doubt that prosecutors would bother charging the kid anyway.

By Ubergizmo. Related articles: iPhone Available On T-Mobile April 12 Starting At $99, Apple Updates MacBook Pro with Retina Tagline As A Result Of Chromebook Pixel,

iTunes may not be ran at breakeven anymore

It’s hard to believe that Apple’s incredibly popular iTunes Store has been around for 10 years as of next month. When Apple first launched iTunes, the technology company announced that it wanted to run the store at breakeven. During the early days of digital content when people weren’t used to purchasing music and other items as digital files, running at a breakeven was an understandable goal.

itunes-money

Today with consumers all around the world devouring digital content, some analysts believe that there is room in Apple’s plans for some profit. The graphic above shows how significantly iTunes revenues have grown between 2005 and the end of 2012. ITunes has quintupled in revenue in seven years. Asymco believes that while iTunes has grown massively content sales is likely to have been preserved at a ratio of about 30% of the transaction volume.

There was an estimated 23 billion item transactions in 2012 via iTunes. According to the analytics firm, it believes operating costs for iTunes are spread more evenly and that the possibility exists for some operating margin. The company believes that breakeven costs of operating the iTunes stores is about $3.75 billion.

There is a suggestion that since 2010 iTunes has run at a little over breakeven amount. Exactly how much over breakeven is unknown, however Asymco makes some guesses. The company figures that there could be 2% operating margin on apps and 1% on music. That doesn’t sound like much, but when you consider the massive amount of revenue generated by iTunes the profit margin on content could be as much as $150 million. That’s not all though because Apple’s software division also make some significant money via iTunes. Asymco estimates that Apple’s own software has generated as much is $3.6 billion in revenue in 2012 alone. The operating margin on that amount is estimated to be over $2 billion a year. That is certainly much better than breakeven, if accurate.

[via Asymco]


iTunes may not be ran at breakeven anymore is written by Shane McGlaun & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Apple Questioned By Australian Parliament Over “Price Gouging”

Apple Questioned By Australian Parliament Over Price GougingFor those living in the US and who think that Apple’s products are already expensive, you might want to rethink that stance because in countries such as Australia, Apple’s products are even more expensive despite the Australian dollar being valued higher compared to the USD (AUD1 = USD1.0445). To that extent many are wondering why in spite of that, Apple Australia and other companies such as Microsoft and Adobe are charging higher prices than their US counterpart. That question is currently being asked in an Australian Parliament inquiry where executives from Microsoft, Adobe and Apple were called to explain their “price gouging” practices. (more…)

By Ubergizmo. Related articles: Samsung Galaxy S4 Launch Results In iPhone Trade-Ins Doubling, Budget iPhone Will Release In 2013 Without Retina Display [Rumor],

YouTube Capture iOS app updated with iPad / iPad mini support for all your tablet filming needs

Okay, maybe the YouTube Capture iOS app update with iPad and iPad mini support won’t support all your tablet filming needs, but it does aim to fix your ability to instantly capture and upload video to YouTube. And hey, let’s be honest, that video of your cat playing with the soda box really should be on YouTube.

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Source: iTunes

Twitter to launch standalone music app

Twitter is apparently looking to bring some music into its service. The company is getting ready to use We Are Hunted, a music discovery service it had acquired 6 months ago, to help build itself a standalone music app. The app will give personalized music recommendations to users based on the musical artists the user follows, and the musical artists the user’s followers follow. The service, while less personalized, will still be usable for those without a Twitter account.

Twitter to launch standalone music app

The app will stream music via SoundCloud. It will feature 4 tabs. The “Suggested” tab recommends you songs based on the musical artists you follow. The “#NowPlaying” tab lists links to songs tweeted by your followers who tweet using the #NowPlaying hashtag. The “Popular” tab lists the songs that are currently trending on the music app, and the “Emerging” tab lists a bunch of up-and-coming artists featured on We Are Hunted.

The app will display artists and songs in a grid design. Clicking on an artist’s panel will cause it to expand displaying a short bio on the artist, as well as links to songs the artist has on SoundCloud, or on iTunes. Users can tap the play button to begin streaming music from the artist. Users will also be able to follow artists directly from Twitter’s “Twitter Music” page.

iOS users are said to have first dibs on the Twitter Music service, just like Twitter’s video sharing app, Vine. The Twitter Music service is speculated to be released to iOS devices by the end of this month. Twitter hopes that by integrating music into its network, it can attract more new users to its service. It will, however, have a hard time prying users away from popular music services like Pandora and Spotify.

[via CNET]


Twitter to launch standalone music app is written by Brian Sin & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Apple Reportedly Looking To Pay Half The Royalty Rates That Pandora Does

Apple Reportedly Looking To Pay Half The Royalty Rates That Pandora DoesRumors of Apple launching a music streaming service similar to Pandora have been floating about for quite a while now, but if the recent rumors are to be believed, the service could be seeing a delay in launch due to negotiations with the major labels stalling. What’s the reason behind this stalling, you ask? Well it seems that Apple does not want to pay the major labels the same royalty rates that Pandora is paying. A report by the New York Post has suggested that Apple has offered labels an initial royalty rate of 6 cents per 100 songs streamed. (more…)

By Ubergizmo. Related articles: Apple Executives Reportedly Met Up With Jimmy Iovine To Talk Music Streaming, Radio Buttons Found On Jailbroken iPad Corroborates iTunes Streaming Service Rumor,

Apple Patents A System That Allows For Resale Of Digitally Bought Products

Apple Patents A System That Allows For Resale Of Digitally Bought ProductsUnlike buying physical goods, returning digital purchases can get a bit tricky. Purchasing songs and movies on iTunes, for example, pretty much tie you to the product and you can’t sell it once you’re done with it. This is compared to physical purchases of CDs or DVDs where you can always resell them when you think you no longer plan to listen or watch it. However a recently discovered Apple patent reveals that perhaps one day in the future, Apple will allow us to resell our digital purchases made on iTunes. It’s actually a pretty interesting system and it’s quite complex. (more…)

By Ubergizmo. Related articles: iPhone Breathalyzer Calls You A Cab If You’re Too Drive To Drunk, Apple Reportedly Looking To Pay Half The Royalty Rates That Pandora Does,

Reports: Apple’s internet radio service delayed by slow-going music licensing negotiations

According to folks in the know who’ve spoken to Bloomberg and The New York Times, Apple’s oft-rumored streaming radio service is set for a late arrival. The reason is because of snails-pace negotiations with the publisher Sony/ATV for music licensing deals. As the Times notes, Sony no longer lets outsiders like ASCAP dole out licenses, leaving itself as chief point of contact for such agreements on its content — this apparently got Pandora locked into a twenty five-percent increase on royalty payments to Sony. Prior to today’s reports, Bloomberg stated that Cupertino was aiming for a Q1 release for this year, and the NYT notes Apple hoped that launch would’ve happened near the Grammy Awards. If you’ll recall, Apple’s service is said be direct competition to others like Pandora rather than Spotify, as it would be ad-supported for revenue. As usual, take all of this with a grain of salt, and don’t get too thirsty for an Apple-curated streaming music service just yet. More info at the source links.

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Source: New York Times, Bloomberg

Apple Executives Reportedly Met Up With Jimmy Iovine To Talk Music Streaming

Apple Executives Reportedly Met Up With Jimmy Iovine To Talk Music StreamingWe’ve heard rumors that Apple could be interested in launching a streaming radio service of their own, much like Pandora. According to a recent report by Reuters, it looks like such a service could be inching forward to become a reality. The report has suggested that Apple executives have recently met up with the CEO of Beats, Jimmy Iovine, during a visit to Los Angeles. Basically what the Apple executives were trying to find out was about a certain “Project Daisy” by Beats, which is a music subscription service Beats announced a couple of months ago although there is not much details to be had at the moment.

We guess based on this report, it’s not so much that Apple wanted to partner up with Beats to launch said service, but rather to learn more about it so that they’d have a better idea of what to do when the rumored service launches. Apple’s alleged music streaming service is supposedly set for a launch later this year, or so they intended but reports are saying that negotiations with the major labels are preventing Apple from moving forward with their plans.

By Ubergizmo. Related articles: Radio Buttons Found On Jailbroken iPad Corroborates iTunes Streaming Service Rumor, Apple’s Rumored Pandora-equivalent Radio Service Predicted For 2013 Announcement,