Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Apple’s New Music Streaming Service Is Here

The long wait is over; Apple will be unveiling their new music streaming service partnered with Sony Music at their World Wide Developers Conference (WWDC).

“It’s happening tomorrow,” said Sony’s CEO Doug Morris in an interview at the Midem conference in Cannes the day before the conference, Sunday May 7th.

Morris and the head of Apple’s music services, Jimmy Lovine, have worked daily on their new project. Morris says that they talk on the phone twice a day, even to today; he believes Lovine is a brilliant asset to the Apple company.

 

morris-midem-venturebeat

Sony CEO Doug Morris (right) being interviewed at Midem music and technology conference in Cannes.

via VentureBeat/Chris O’Brian

The Apple company has closely examined the change in the way people choose to listen to music. Digital music downloads have greatly decreased in the past decades as more people are preferring to stream their music

So far, the rumors say the fee to use Apple’s music streaming is $9.99 per month, the average price compared to most other streaming services. Top D.J.’s and musicians are said to be featured on the service.

While Morris did not reveal anything on the rumors, he did mention the importance of money being the reason for entering the partnership.

“What does Apple bring to this?” he said. “Well, they’ve got $178 billion dollars in the bank. And they have 800 million credit cards in iTunes.”

He goes on to describe why he believes this will be a bigger success than other streaming services

“Spotify has never really advertised because it’s never been profitable. My guess is that Apple will promote this like crazy and I think that will have a halo effect on the streaming business. A rising tide will lift all boats. It’s the beginning of an amazing moment for our industry.”

The official features and other news about Apple’s new music streaming service will be announced at their WWDC, Monday June 8th.

 


Comment Template

You May Also Like

Technology

Apple's cancellation of its N107 AR glasses highlights challenges in augmented reality development, including hardware and cost barriers. With rivals like Meta and Google...

Business

Apple surged 6% on Wall Street, outperforming a turbulent tech sector despite challenges like declining China sales. Record-breaking 46.9% gross margins and a strong...

Technology

Apple has revamped its AirPods firmware update process, finally providing a detailed guide after years of user frustration over its opaque system. The new...

Business

Bank of America highlights four standout stocks ahead of earnings season: United Airlines, Warner Bros. Discovery, Birkenstock, and Spotify. Each benefits from strong industry...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok