Apple Music In The News

Shazam might have cost Apple $400m, but it will pay for itself handsomely

Will music identification app prove to be an essential subscriber funnel for Apple?

Official: Apple buys Shazam

Deal believed to be worth $400m

BMG moves into video content as ‘strategic offering to artists and songwriters’

Joan Jett documentary Bad Reputation to premiere at Sundance, three more in production

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Universal’s streaming revenues will smash past $2bn this year

Total company revenues will get somewhere near (or even above) $6bn

Alphabet/Google leads $70m funding for startup aiming to challenge major labels

UnitedMasters has been set up by one-time President of Interscope Records, Steve Stoute

BMG hires Tom ‘Grover’ Biery as EVP, Recorded Music in US

Exec previously worked at Concord Music

Taylor Swift’s Reputation smashes past 700k sales on day one in US

Expectation is that LP will sell around 1.2m in opening seven days