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.
‘Jurassic World’ Sets Box Office Record
Jurassic World Review: One of the Most Exciting Movies About People Running Away From Stuff Ever
‘Jurassic World’ Sets Global Record With $511.8 Million Debut
Disney Could Lose $140 Million on ‘Tomorrowland’ Flop
‘Pitch Perfect 3’ Moving Forward at Universal With Writer Kay Cannon
Anna Kendrick, Rebel Wilson Returning for ‘Pitch Perfect 3’
Rupert Murdoch to Relinquish Fox CEO Title July 1
James and Lachlan Murdoch Take Reins; Chase Carey Steps Aside as COO
Recently Canceled ‘Degrassi’ Headed to Netflix
Initial Titles Inducted into Video Game Hall of Fame
William Shatner, Henry Winkler Set For NBC Reality Show ‘Better Late Than Never’
Paramount Sued Over Score for Upcoming Renee Zellweger Film
TV Ratings: ABC’s ‘World News Tonight’ Overtakes ‘Nightly News’ for Season
Emmys Eliminating Early Morning Nominations Announcement
The Weirdest Emmy Ballot Omissions and Oddities
Industry Sales Rose 4.6% in 2014
With No Tony in Hand, ‘Gigi’ Will Close This Month
Tony Awards Telecast Draws Fire From Dramatists Guild
Dave Grohl Can’t Stop Playing Guitar, Even After He Breaks His Leg On Stage
ALA Slams Bid to Modernize U.S. Copyright Office
ALA Questions Bid for Independent Copyright Office
Apple Muscles Into Music Streaming
Apple Music Announced, With On-Demand Streaming, Beats 1 Radio
Spotify Raises $526 Million as Apple Charges Into Music Streaming