“Cue and Kondrk happily obliged, posing with Universal Music Group chairman/CEO Lucian Grainge and Glassnote founder Daniel Glass, and asking greeters if they already had ‘met with Jimmy.’ Goodfellas vibe aside, it was a legitimate business question, since Iovine has devoted recent weeks to meeting face-to-face with senior execs from major labels and the major indies,” Halperin and Christman report. “A nondisclosure agreement preceded every sit-down, but details are emerging about the nature of the talks, which point to a possible spring/certain summer launch of a new music service — a crucial time for the company as it struggles to adapt from downloads to streaming.”
“A source familiar with the talks says the tech giant, which reported first-quarter revenue of $74.6 billion on Jan. 27, has its sights set on more than just streaming,” Halperin and Christman report. “Apple’s presence in the music business, says the insider, “‘is to be the music business; it’s not to compete with Spotify.'”
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MacDailyNews Take: Domination.