iTunes continues to be a dominant distribution channel for music, accounting for 69% of digital music sales in the U.S. last year, according to estimates from the NPD Group. For all retail sales, including physical formats such as CDs and vinyl, iTunes has a 29% share, outselling retail giants such as Walmart and Target.
Spotify chief executive Daniel Ek on Tuesday said his company expects to pay rights holders to the tune of half-a-billion dollars in 2013. Ek, speaking at a technology and media event hosted by the Founders Forum in Los Angeles, said the amount Spotify is projected to pay artists, labels, publishers and other rights holders this year is equivalent to the total amount that the company had paid out since it launched its on-demand music streaming service in 2008.
The majority of Facebook users have, at onetime or another, temporarily unfriended the social network, taking breaks of several weeks or more for a variety of reasons ranging from lack of time to“too much drama,” according to a survey released today by the Pew Research Center.