News Archive for 07/05/14
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The entire catalog of the Beatles' music came closer to appearing on Apple's iTunes Store today, with negotiations between Apple and the legendary rock band "virtually settled." Paul McCartney -- one of the founding members of the Beatles and the world record holder for the most successful musician and composer in popular music history -- has laid plans to make all of the Beatles' tracks available on iTunes following the settlement of a trademark dispute between Apple Inc. and Apple Corps. iTunes won't likely see a significant boost to its bottom line as a result of adding the Beatles' music to its online shop, according to analysts cited by the Sacramento Business Journal, but Apple has historically profited from its market leading iPod music players while supporting sales of the portable devices with its integrated online store.
Online video vendors such as Apple's iTunes Store are likely to see sales peaks this year, according to one study, but that growth will taper off next year if consumers don't start paying for online videos in droves. Forrester Research expects sales of movies and TV shows to almost triple to almost $280 million this year from almost $100 million last year, according to Reuters. "In the video space, iTunes is just a temporary flash while consumers wait for better ways to get video. They're already coming," said Forrester Research analyst James McQuivey who authored the study. McQuivey also called the paid download video market a "dead end," according to the report, and estimates that sales growth is not likely to triple or even double in 2008 and beyond. "Free is going to win," said McQuivey.