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BUSINESS
March 20, 2008 | Michelle Quinn, Times Staff Writer
Consumers might have the option to pay a higher price for iPods and iPhones in the future and get unlimited access to a music library, according to record industry executives who say they have had preliminary conversations with Apple Inc., the manufacturer of those devices. That would mark a change in strategy for Apple. A year ago, Chief Executive Steve Jobs said he didn't believe most consumers wanted to rent their music and that Apple had no plans to offer a music subscription service.
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BUSINESS
August 30, 2008 | Michelle Quinn, Times Staff Writer
Napster Inc. has struggled to catch the ear of enough customers. Now the company is out of tune with some of its big shareholders. With its stock trading at $1.34 and subscribers leaving its digital music service, the Los Angeles company is facing a proxy battle with three investors who together own about 1.5% of the company. They each want a seat on the board and are pushing Napster's management to turn around its stock slump or pursue a sale. The company, which bought its name from the defunct file-sharing network, said Friday that it was continuing to look for suitors through UBS Investment Bank.
BUSINESS
September 22, 2007 | Martin Zimmerman, Times Staff Writer
Digital music, Bluetooth-enabled cellphone, text messages you can hear -- all in one integrated package. The latest pricey gadget from Apple? Nope, it's the latest car from Ford Motor Co. The automaker, in partnership with Microsoft Corp., is rolling out what it hopes will be a game changer in the world of mobile connectivity.
ENTERTAINMENT
August 29, 2012 | By Alex Pham
Internet radio company Pandora Media's losses tripled in its second quarter but investors didn't seem to mind as they pushed the company's shares up nearly 12% immediately after its financial report was released Wednesday afternoon. Instead, Wall Street focused on Pandora's revenue, which jumped 51% from a year earlier to $101.3 million in the quarter ended July 31. Analysts had expected the Oakland, Calif., company to post $100.4 million in sales. Losses of $5.4 million for the quarter were three times last year's loss of $1.8 million, weighed down by growing music licensing and marketing costs.
ENTERTAINMENT
November 19, 2012 | By Randall Roberts, Pop Music Critic
The digital music world is a bit louder this morning. AC/DC, the Australian hard rock band whose heavy metal thunder has never been available for legal download, has stepped into the 21st century and released its music through iTunes, the band announced Monday morning. After years of stubbornly arguing that iTunes was, in the words of singer Brian Johnson, “going to kill music if they're not careful,” the band reached a deal with the company to sell its entire catalog -- 16 studio albums, four live albums and three compilations -- through the service.
BUSINESS
October 3, 2008 | Michelle Quinn
A sigh of relief could be heard in digital music land Thursday as the federal Copyright Royalty Board left unchanged the rate for royalties paid to songwriters and publishers for CDs and digital downloads. The ruling is the first time that the board formally set the digital download rate. Previously, because there was no formal rate for downloads, companies such as Apple Inc. had used the CD rate -- a 9.1-cent payment to the songwriter and/or publisher for every track sold through iTunes and other download stores.
BUSINESS
February 13, 2013 | By Andrea Chang
Amazon Cloud Player is now available in Ford Sync AppLink-equipped vehicles, so owners can wirelessly connect the Amazon MP3 app on their Android smartphone to the Sync connectivity system to access their music library in their car using voice commands or audio controls. Ford AppLink-equipped vehicles include the 2013 Ford Fiesta, Mustang, Focus, E-Series, C-MAX Hybrid, Expedition, Fusion, F-150 and Super Duty models. Amazon said the integration of its cloud player with Ford vehicles would help drivers get rid of CDs, wires and other ways they used to connect and listen to their music in the car. It also frees up local storage space on phones by storing and accessing music in the cloud.
BUSINESS
May 30, 2012 | By Salvador Rodriguez
Apple Inc. has acquired a small Italian start-up that specializes in digital music editing, according to an Italian blog. The Cupertino, Calif., tech company purchased Redmatica , a small start-up whose most notable software is Keymap Pro, according to Fanpage . In all, the company has four software products.   Apple has not officially confirmed the Redmatica takeover, but Fanpage includes a document from an Italian communications regulator that appears to back up the report.
BUSINESS
May 8, 2007 | Alana Semuels, Times Staff Writer
After the Beatles arrived on the scene, Frankie Avalon, whose hit "Venus" was the last No. 1 song of the 1950s, watched sadly as fans ditched syrupy pop for rock 'n' roll. "I figured that was over," the 66-year-old crooner said about his recording career. Avalon went on to star in movies of the beach party genre. His music was relegated to discount bins in record stores and the playlists of oldies stations.
BUSINESS
August 16, 2012 | By David Lazarus
Video killed the radio star. YouTube is now the leading way for young people to hear -- er, watch -- music, surpassing both radio and CDs. Nearly two thirds of 3,000 teens polled by Nielsen say they prefer YouTube when they want to take in some tunes. But apparently this doesn't mean music sales are dead. Nearly three-quarters of poll respondents say they purchased music in the last 12 months, which is more than the average across all age groups. "The accessibility of music has seen tremendous expansion and diversification," says David Bakula, Nielsen's senior vice president of client development.
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