Apple Is Reportedly Buying Taylor Swift’s Label

Apple’s revamped Beats Music streaming service is expected to launch some time in the near future. The service is reportedly being integrated into iOS and will be available on Android, giving Apple a big reach from the start.

What could give Apple’s streaming service an even bigger reach?

Taylor Swift’s new music.

Swift’s older releases are available on Beats Music, since the service has no free tier. Her newest album, 1989, isn’t available on any streaming service… A big win for iTunes. But every streaming service hopes to add the #1 album of the year to their catalog.<!–/*
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// ]]>As Apple works on the new Beats Music they could have their eye on Taylor Swift’s label…

Hits Daily Double claims that iTunes is in the process of acquiring Big Machine Records for $250 million.

Besides Taylor Swift, the label is also home to Florida Georgia Line, Rascal Flatts, and Tim McGraw.

iTunes has officially denied the claims, but label owner Scott Borchetta has been reportedly trying to sell the the label for over $200 million.

Big Machine’s contract with Swift only includes one more album, but sources say the Apple deal would include both her back catalog and her next album.

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

Image by Eva Rinaldi, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0).

The post Apple Is Reportedly Buying Taylor Swift’s Label appeared first on Digital Music News.

Source: Industry News