Showbiz Sandbox 283: Why Apple Is Cannibalizing Its Own Music Sales

Apple finally announced its long rumored music streaming service last week, which is meant to compete with market leaders Pandora and Spotify. The offering seems in direct conflict with the ongoing business of the largest music retailer in the world, but as Ryan Faughnder of the Los Angeles Times points out, Apple may have had no choice since iTunes digital music sales have significantly decreased.

Now, the music industry is hoping that Apple can ride to their rescue once again, as they did with digital music previously, by attracting the large subscriber base required to make music streaming profitable. Faughnder gives us his thoughts on what the new service means to the business, and tells us how competitors have responded to Apple’s entrance into the market.

There seemed to be no competition for “Jurassic World” during its theatrical debut. The film was released globally and gobbled up opening weekend box office records both in North America and internationally, earning more $500 million in just three days. That gross is more than the combined weekend receipts for every other film currently in theaters worldwide.

Of course, we also cover the week’s top entertainment news stories including Rupert Murdoch steps down as CEO of 21st Century Fox, video games get their own hall of fame and what happened when Dave Grohl of the rock band Foo Fighters broke his leg in the middle of a concert.

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‘Jurassic World’ Sets Box Office Record
http://www.nytimes.com/2015/06/16/business/media/jurassic-world-sets-box-office-record.html

Jurassic World Review: One of the Most Exciting Movies About People Running Away From Stuff Ever
http://www.vulture.com/2015/06/jurassic-world-review.html

‘Jurassic World’ Sets Global Record With $511.8 Million Debut
https://variety.com/2015/film/news/jurassic-world-global-box-office-record-1201519430/

Disney Could Lose $140 Million on ‘Tomorrowland’ Flop
http://www.hollywoodreporter.com/news/disney-could-lose-140-million-801244

‘Pitch Perfect 3’ Moving Forward at Universal With Writer Kay Cannon
http://www.hollywoodreporter.com/news/pitch-perfect-3-moving-forward-801237

Anna Kendrick, Rebel Wilson Returning for ‘Pitch Perfect 3’
http://www.hollywoodreporter.com/news/anna-kendrick-rebel-wilson-returning-802561

Rupert Murdoch to Relinquish Fox CEO Title July 1
http://www.wsj.com/articles/rupert-murdoch-to-leave-as-fox-ceo-on-july-1-1434486911

James and Lachlan Murdoch Take Reins; Chase Carey Steps Aside as COO
https://variety.com/2015/biz/news/fox-rupert-murdoch-james-lachlan-1201517231/

Recently Canceled ‘Degrassi’ Headed to Netflix
http://www.hollywoodreporter.com/news/canceled-degrassi-headed-netflix-801208

Initial Titles Inducted into Video Game Hall of Fame
http://mainbored.com/2015/06/07/initial-titles-inducted-into-video-game-hall-of-fame/

William Shatner, Henry Winkler Set For NBC Reality Show ‘Better Late Than Never’
https://variety.com/2015/tv/news/william-shatner-henry-winkler-nbc-better-late-than-never-1201515644/

Paramount Sued Over Score for Upcoming Renee Zellweger Film
http://www.hollywoodreporter.com/thr-esq/paramount-sued-score-upcoming-renee-801214

TV Ratings: ABC’s ‘World News Tonight’ Overtakes ‘Nightly News’ for Season
http://www.hollywoodreporter.com/news/tv-ratings-abcs-world-news-801217

Emmys Eliminating Early Morning Nominations Announcement
http://www.hollywoodreporter.com/live-feed/emmys-eliminating-early-morning-nominations-801282

The Weirdest Emmy Ballot Omissions and Oddities
https://variety.com/2015/tv/news/emmy-ballot-omissions-oddities-1201520448/

Industry Sales Rose 4.6% in 2014
http://www.publishersweekly.com/pw/by-topic/industry-news/financial-reporting/article/67074-industry-sales-rose-4-6-in-2014.html

With No Tony in Hand, ‘Gigi’ Will Close This Month
http://artsbeat.blogs.nytimes.com/2015/06/09/with-no-tony-in-hand-gigi-will-close-this-month/

Tony Awards Telecast Draws Fire From Dramatists Guild
http://artsbeat.blogs.nytimes.com/2015/06/10/tony-awards-telecast-draws-fire-from-dramatists-guild/

Dave Grohl Can’t Stop Playing Guitar, Even After He Breaks His Leg On Stage
http://www.theverge.com/2015/6/14/8779127/dave-grohl-breaks-leg-keeps-on-playing-during-performance

ALA Slams Bid to Modernize U.S. Copyright Office
http://www.digitalbookworld.com/2015/ala-slams-bid-to-modernize-u-s-copyright-office/

ALA Questions Bid for Independent Copyright Office
http://www.publishersweekly.com/pw/by-topic/digital/copyright/article/67138-ala-questions-bid-for-independent-copyright-office.html

Apple Muscles Into Music Streaming
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-apple-music-beats-20150609-story.html

Apple Music Announced, With On-Demand Streaming, Beats 1 Radio
http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-apple-announces-steaming-music-service-20150608-story.html

Spotify Raises $526 Million as Apple Charges Into Music Streaming
http://www.latimes.com/entertainment/envelope/cotown/la-fi-0611-spotify-investment-20150610-story.html