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Dr. Dre Sells Beats for $3 Billion
Posted by Andru Edwards Categories: Artist News, Industry News,
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Dr. Dre has secured a deal to sell his Beats Music business to Apple for $3 billion, making him the richest artist in hip-hop.
The co-founder, who launched the headphones and streaming service with friend Jimmy Lovine, will leave Interscope, which he founded, to work with Apple alongside his business partner.
"I've always known in my heart that Beats belonged with Apple. The idea when we started the company was inspired by Apple's unmatched ability to marry culture and technology. Apple's deep commitment to music fans, artists, songwriters and the music industry is something special," Dre said, according to NME.com.
Dre could be set to become hip-hop's first billionaire after Apple announced they will buy the business for $2.6 billion, as well as spending $400 million "that will vest over time." Talking about the deal, which has been rumored for weeks, Apple's CEO Tim Cook said, "Music is such an important part of all of our lives and holds a special place within our hearts at Apple. That's why we have kept investing in music and are bringing together these extraordinary teams so we can continue to create the most innovative music products and services in the world."
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Bruce Willis to Sue Apple?
Posted by Andru Edwards Categories: Gossip, Industry News, Rumors, iTunes,
The 57-year-old actor wants to leave to his huge digital music collection to his daughters - Rumer, 24, Scout, 20, and 18-year-old Tallulah, whom he has with ex-wife Demi Moore - after he dies but iTunes customers are only allowed to "borrow" tracks rather than own them outright.
Digital campaigners Open Rights Group are backing Bruce in his challenge. "You can't resell downloads to friends - and are not allowed to leave them in your will. It's great that Bruce Willis is challenging it," said Jim Killock, of Open Rights Group.
Bruce - who also has five-month-old daughter Mabel with wife Emma Heming - has spent thousands on his music collection, which reportedly includes songs by The Beatles and Led Zeppelin, and downloaded his tunes onto "many, many iPods." The Sixth Sense actor is thought to be thinking of asking his legal team to suggest to Apple that family trusts could be the "holders" of his downloaded music.
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Will.i.am Calls for Better Use of Music Technology
Posted by Andru Edwards Categories: Industry News, iTunes,
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Will.i.am has called for the music industry to better embrace technology. The Black Eyed Peas boss believes record labels should look to the success of Apple's iTunes and invest more money into using digital advances to further their market and prevent further decline in the ailing industry.
"The music industry never had an appreciation for technology. We're going to work out how to make money once we marry music and science. Apple is worth $800 billion now - the music industry far less. Music helped define what that company is, but they made all the money," he said, speaking at London's Royal College of Art's Innovation Night last night.
The "I Gotta Feeling" hitmaker later admitted he had had fun at the event and was pleased to get the chance to express his opinion. "I had fun... I'm glad you got to see that side of me... this is how I think & talk every minute of the day outside of music. I like future talk," he wrote on his Twitter.
(FYI - You can also follow Albumista on Twitter.)
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Report: Beatles Library Finally Coming to iTunes
Posted by Veronica Santiago Categories: Industry News, Rumors, Rock, iTunes,
Imagine people across the universe being able to purchase music from The Beatles on iTunes. That could happen very soon if a report from the Wall Street Journal is correct.
According to the newspaper, a deal might have finally been struck between Apple Inc., parties representing the Fab Four and record label EMI.
Although the band members – creators of Apple Corps Ltd. – and the computer company have long disputed over the “Apple” name, “people familiar with the situation” claim an agreement has been reached over the Beatles’ catalogue.
These same people also warn that Apple Inc. “could change plans at the last minute.”
It’s believed the new deal will be formally announced at a press conference scheduled for Tuesday.
Read More 
| Wall Street Journal
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Apple lists top 20 all-time best-selling iTunes tracks
Posted by Andru Edwards Categories: Industry News, iTunes,
Apple just sold their ten billionth iTunes track, and to go along with the festivities, they’ve released a list of the 20 best-selling tracks of all time that have been purchased from the iTunes Store. We’ve got the list for you below, which we find fairly interesting. I mean, I Gotta Feeling is both fairly new in the grand scheme of things, and also pretty sucky, and yet it’s the most downloaded track in iTunes history. Also, Flo Rida gets two spots on the top 20, which ties him with Lady Gaga, The Black Eyed Peas, and Katy Perry for most appearances on the list.
- I Gotta Feeling - Black Eyed Peas
- Poker Face - Lady Gaga
- Boom Boom Pow - Black Eyed Peas
- I’m Yours - Jason Mraz
- Viva la Vida - Coldplay
- Just Dance - Lady Gaga
- Low - Flo Rida
- Love Story - Taylor Swift
- Bleeding Love - Leona Lewis
- Tik Tok - Ke$ha
- Disturbia - Rihanna
- SO What - Pink
- I Kissed a Girl - Katy Perry
- Single Ladies (Put a Ring on It) - Beyonce
- Hot N Cold - Katy Perry
- Stronger - Kanye West
- Live Your Life - T.I.
- Hey There Delilah - Plain White T’s
- Right Round - Flo Rida
- Party in the USA - Miley Cyrus
Read More | iTunes