Apple's deal to acquire Beats Electronics and Beats Music has formally closed, Apple said Friday.
The times they are a-changin'. For the first time in history, digital music sales topped the physical sale of music. According to a Nielsen and Billboard report, digital music purchases accounted for 50.3% of music sales in 2011. Digital sales were up 8.4% from the previous year, while physical album sales declined 5%.
Lady Gaga took the top spot as 2011's most streamed artist, according to the report. The most streamed song of 2011? Nicki Minaj's "Super Bass," with 84.9 million audio streams and 71 million video streams.
The long-awaited music service Spotify, which has already achieved huge popularity in Europe, is finally coming to the U.S.
Hewlett-Packard apparently believes there is still room for another player in the cloud music space. HP is in conversations with the major record labels about launching its own digital music locker service, which would offer music, movies and TV shows, according to Billboard magazine. Speculation that HP had plans for a cloud service has been heating up since Precentral.net reported in April that a about the forthcoming TouchPad mentioned a previously undiscussed HP Music Store and HP Movie Store. HP's marketing department may have gotten way ahead of the negotiators this time; sources said the discussions are still in
Another day, another Lady Gaga consumer electronics endorsement.
LG is getting ready to debut a new billboard in New York's Times Square, in order to spread "good news" to Americans. The billboard, located at 45th St. and 7th Avenue, will feature an animated character known as the "Good News Ambassador."
As music retailers suffer ever shrinking sales, some of the most aggressive moves to boost business are being made by the perpetual runners-up in their respective sectors. The past year has seen heightened competitive positioning between Apple's iTunes store and Amazon for digital sales and Walmart and Target for CD sales. In both instances the latter merchant is bringing the fight to their larger competitor. Amazon batters iTunes daily with pricing promotions like the Daily Deal, while Target recently used huge marketing spending to challenge Walmart's dominance in country music.
Best Buy this week put up a unique new billboard in New York's Times Square, featuring the word "E-Cycle" written out entirely with recycled electronics