Culture

Company planning to pull together Apple Music, Arcade, News

Company planning to pull together Apple Music, Arcade, News”

Though some record label execs are open to the idea of the change, the FT is claiming that at least one of the big labels has voiced concerns, with the industry becoming more wary and cautious about its relationship with Apple. In the first half of 2019, paid subscriptions to Apple Music and competing services rose 30% from a year earlier to 61 million, or $2.8 billion, while revenue from digital downloads fell almost 18% to $462 million.

Apple now charges $9.99 for Apple Music, $9.99 for Apple News+, and $4.99 for Apple Arcade. Not only does Apple not have to share revenue from its original content with anybody else, but it's already shown a willingness to give it away, offering free one-year subscriptions to anybody who buys a new iPhone, iPad, Mac, or Apple TV.

This comes as additional details have started to trickle out in recent days about Apple's new TV service, which will only host a handful of shows at launch like For All Mankind, a Ron Moore-led drama that offers a reimagining and alternative history of the space race.

Apple is reportedly considering introducing a new service bundle that would offer subscribers access to Apple Music and Apple TV+ for one flat monthly fee, according to a report from the Financial Times. The super bundles could come in tiers, with each tier bundle having a different offering and a different price.

At the moment the cost of Apple Music, Apple News+, Apple Arcade and Apple TV+ costs close to $30 a month. Since Apple works directly with its video producers it can afford to have a lower price for TV+.

The music industry has benefitted from the advent of streaming music service, but licensing negotiations remain a point of tension between streaming platforms and record labels.

That said, Apple isn't really intending to get more profit over the bundled content, analysts speaking to FT said.

A logo for Apple Music is pictured.



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