Wednesday, April 25, 2007

[Apple News] NOTES FOR APRIL 25, 2007

APPLE IN TALKS TO BRING LYRICS TO ITUNES

From AppleInsider.com

Apparently, Apple and Gracenote are in talks to hopefully bring lyrics to the users of iTunes. It looks as if their point in all of this is to be a part of a large music industry push to get rid of the independent music lyrics websites that are nothing but gigantic popup ads and inaccurate song lyrics. Likely it’ll go the same way that Gracenote and Yahoo set themselves up with yesterday in their announcement.

Last year, Gracenote set up a deal with several different music publishers to give them the digital rights to lyrics. The Chief Executive of Gracenote, Craig Palmer, said,

“…licensing lyrics should boost worldwide music publishing revenues, estimated at about $4 billion annually, with the words to songs ultimately providing as much as $100 million in annual revenues in about 10 years as the market expands with new opportunities like online subscriptions, downloads and automotive distribution deals.”


That’s a heck of a lot of revenue they’ll think that they will create just by publishing song lyrics online in a cohesive manner. But I guess it’s a fair trade to make certain that Billy can sing along to REM’s “End Of The World As We Know It” and not sound like a complete fool…and think of it, bar bets everywhere settled by the internet. Ahhh life is grand. :D



APPLE REPORTS SECOND QUARTER RESULTS

From apple.com

Today Apple posted their 2nd quarter financial results, which added up to a net quarterly profit of $770 million. Also is mentioned that 10,549,000 iPods and 1,517,000 Macs were shipped during the quarter. Not to shabby folks. :)

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