Tag - RIAA
Music streaming has overtaken music downloads in terms of music revenue in the United States, according to a report from the RIAA. Now the largest revenue generator for the US music business, it is claimed streaming brought in 34.3 percent of overall revenue for 2015, equalling $2.4 billion of the $7 billion revenue, narrowly beating the 34 percent share downloads have, with both well ahead of physical media sales at just 28.8 percent of the revenue total.
Pandora is paying the RIAA $90 million, to settle a lawsuit concerning the streaming of song recordings produced before 1972. At the same time as the settlement announcement, the streaming service's latest financial results report has been greeted poorly, with the stock price for Pandora dropping considerably in after-hours trading, after it suffered a third-quarter loss that may have been caused by the introduction of Apple Music, among other factors.
The Recording Industry Association of America (RIAA) is continuing its war on music piracy, by attacking software that is said to be used for that very purpose. The RIAA sent a letter to BitTorrent executives urging the company to do something about the use of the file distribution technology's use in music piracy, while a collection of groups joined it in persecuting CNet for providing downloads to apps that could be used for copyright infringement.
Sirius XM Holdings has agreed to a legal settlement with independent and major record companies for its use of recordings created before 1972. The satellite radio broadcaster will pay $210 million to plaintiffs ABKCO Music & Records, Capitol Records, Sony Music Entertainment, UMG Recordings, and Warner Music Group.
A new report from the Recording Industry Association of America (RIAA) finds that revenue from music streaming services such as Beats Music, Pandora, and Spotify have now in total beaten out revenue from CD sales in the US, capitalizing on the latter's continued fall from grace (largely thanks to excessively high CD pricing). Both formats are still well behind download sales as the top revenue stream, but even that format is gently declining.
Kim Dotcom, founder of the legally-troubled internet storage locker service Megaupload, believes that the entities involved in the case of his previous business venture are at least partially responsible for the growth of his newest service, Mega. Boasting upload growth since November in a graph posted by Dotcom, Mega has seen a 300 percent growth over the past six months.
Finally closing the door on the trial, the US Supreme Court has refused to hear an appeal from file sharer Jammie Thomas-Rasset. As it now stands, the Minnesota woman owes the top record labels $220,000 stemming from the 2007 lawsuit finding her liable for sharing 24 songs online. Thomas-Rasset was one of two defendants who did not settle with the group, with both found to have shared the music and slapped with monumental fines for doing so.
The Recording Industry Association of America (RIAA) today lambasted Google in a report for not going far enough to stop media piracy. The RIAA believes that the efforts that commenced by Google in August -- which exceed that required by law -- have been ineffectual in stopping "serial infringers" from finding content hosted by pirate sites. In August, Google made changes to its search algorithm to lower the profile of sites accused by legitimate copyright owners of hosting pirated content. The RIAA claims that sites that have been accused of copyright theft "still managed to appear on page one" over 98 percent of the time.
Researchers from the Columbia University-affiliated American Assembly, a non-partisan public affairs forum, have suggested in a new study that US media pirates buy roughly 30 percent more music than non-pirates. The Recording Industry Association of America (RIAA) Vice President of Research and Strategic Analysis Joshua Friedlander disagrees, claiming that "what [the study is] comparing is people who are interested in music with people who might not be interested at all."
The Supreme Court has declined to hear an appeal against a $675,000 damages award to the RIAA and Sony in a file-sharing trial, reports Wired. Attorneys for Joel Tenenbaum, formerly a Boston college student, argued the defendant should be protected against "unrestrained discretionary jury damage awards against individual citizens for copyright infringement," but was denied by the court without further comment.
Now AAPL Stock: 135.72 ( + 0.38 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE