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Tag: Record Labels

Record labels laugh at Apple's proposed royalty rate for streaming service

The New York Post has an exclusive today about Apple's attempts to get rights from record labels for a proposed music streaming service, which are apparently falling on deaf ears because its offer is "seen as way too cheap." A high-level executive at one label told the Post that "Apple wants...

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Apple, publishers reportedly close to completing cloud music deal

Apple's music streaming service is inching closer to launch according to industry sources. Earlier rumors suggest Apple already inked licensing agreements with three of the four major record labels, including EMI Music, Warner Music and Sony Music. The one remaining holdout is Universal Music,...

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Warner Music Group executive joins Apple

Apple has hired Elliott Peters, a senior vice president and head of digital legal affairs at Warner Music Group, as the "...corporate attorney director for iTunes Europe and Internet services, based in Luxembourg, where he will manage the European legal team for iTunes and MobileMe services,"...

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How much is an iTunes download worth?

How much is an iTunes download worth? About 70 cents, if conventional wisdom is correct. That's the commonly quoted number for the iTunes money that gets passed back to the record labels. And according to the New York Times today, the record labels are angling for more. They argue that broadband...

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Starbucks launches record label

Building on the success of its iTunes-based "Hear Music" page, Starbucks has decided to launch its own record label. Hear Music will sign its own artists, and sell its recordings through Starbucks stores and iTunes. According to the AP, Ken Lombard, president of Starbucks Entertainment, says the...

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