Apple is Reportedly Rebuilding Beats Music to Relaunch It Next Year as Part of iTunes

Apple is Reportedly Rebuilding Beats Music to Relaunch It Next Year as Part of iTunes

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Apple is rebuilding Beats Music and plans to relaunch it next year as part of iTunes, reports the WSJ.

The news comes as iTunes downloads have taken a sharp drop. Since the start of the year, digital music sales are reportedly down 13-14%. That's much worse than the 2.1% drop last year.

The plummeting download numbers help illustrate why Apple bought the $10-a-month subscription streaming service Beats Music earlier this year, as part of its $3 billion acquisition that included headphone maker Beats Electronics. Apple is rebuilding Beats Music and plans to relaunch it next year as part of iTunes, according to a person familiar with the matter.

The Recording Industry Associate of America says that revenue from U.S. download sales fell 12% in the first half of 2014; however, a 23% jump in paid-subscription service revenue resulted in a slight overall increase in digital revenue to $2.2 billion.

Apple reported that iTunes sales in its third quarter were $4.6 billion, up $0.3 billion year-over-year. However, it did not break out music sales from apps and other media.

Recent reports suggest that Apple wants to relaunch Beats Music with a lower subscription price. Apparently, it's asking labels to cut the price in half. That may be difficult to achieve. It's suggested that perhaps they'll get the price down to $7-8/month from $10/month.

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Apple is Reportedly Rebuilding Beats Music to Relaunch It Next Year as Part of iTunes
Speaklogic - October 25, 2014 at 4:22am
This is bullshit, no one needs to OWN music anymore you just stream it via YouTube or pandora and other sites like borrowing for a moment in time. Screw Beats and Apple and Im a owner of their phones but damn this service!!
Luce Bree - October 25, 2014 at 10:31am
The only shit here is your comment. Videos on YouTube compared to apples itunes and beats don't even have that rich base feeling you find on uploaded albums, not to mention the instant loop that only happened in both their services from repeating.
iProService - October 25, 2014 at 2:42am
If people were already used to paying $10 per month, $9.95 is completely reasonable if they add content and other features with the relaunch.
Samsheep dropouts - October 25, 2014 at 12:22am
Hopefully this will add music more when beats expands on albums like Apple.
Aliena_Serenity - October 24, 2014 at 9:07pm
Sources familiar with the matter? So that means their is no credible source and this is probably bs that fell out of someones anus.
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