Tag - Warner Music Group
Music streaming services have become the largest source of revenue for Warner Music Group, the record label has confirmed. In its second quarter financial results ending March 31, streaming from services such as Apple Music have overtaken both physical sales and downloads from iTunes and other online stores to provide the most recorded music revenue in the quarter, marking the first time a major record label's revenue sources have changed in this way.
Audio distribution platform SoundCloud is on the cusp of launching its premium subscription service, adding another layer of offerings to help the company generate revenue. The premium ad-free service will be launched in 2015, with Warner Music Group signing on as the first major label to earn money from the sharing and streaming hub.
According to "sources familiar with the company," Google is planning to debut a new subscription music service sometime during the Google I/O conference. Reports have surfaced that Google has signed licensing deals with Universal Music Group, Sony Music Entertainment, and Warner Music Group, the three largest record labels in the world in preperations to launch the music offering.
Neil Young has made an appearance on the David Letterman show to promote a new music player and digital music service branded Pono. The new Pono players will support the playback of audio master files stored digitally in high-resolution, 192kHz/24-bit sound, reports Rolling Stone. The new Pono service, which will launch next year, has the backing of Warner Music Group with Meridian and Dolby involved as well.
Warner Music Group was reported its fourth quarter sales, and while they stayed consistent, at $780 million, revenue from digital music sales increased by 17 percent. What's more, it is now a 28 percent slice of the pie of all sales. This is a sign of the changing way music lovers access their music, and the label provided a further breakdown of these sales.
Sister Sledge has filed a lawsuit Thursday against Warner Music Group. The San Francisco complaint caught by the Hollywood Reporter accused Warner of cheating the "We Are Family" singers of revenue on iTunes, Amazon MP3, and other stores through purportedly deceptive terms. By counting a download as a one-time sale rather than a license, Warner was taking the group down from a 25 percent cut to much less.
A Boston University student has been found guilty of violating copyright laws after he admitted to illegally sharing music could face as much as $4.5 million in fines. In court, Joel Tenenbaum admitted he downloaded and then shared 30 tracks from artists like Nirvana, Green Day, The Smashing Pumpkins and more, says a Friday report. The statement leaves the court primarily to decide whether or not the infringement was purposeful or unintentional and assign Tenenbaum's penalty. The sum could range from $750 to $30,000 per infringement, or shared song, but a ruling by the jury could bump that number to $150,000 per song.
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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