Music Business Roundup: YouTube Music Service, TIDAL, and More

Each week, Songspace recaps the top stories in the world of music business. Here's everything you need to know from the week ending on October 31st.

New YouTube Music Service
YouTube is inching closer to releasing a new music service that would act as a competitor to programs like Spotify and Pandora.
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HFA Signs TIDAL
Harry Fox Agency has signed a licensing and admin deal with the CD quality streaming service TIDAL.
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1989 to Sell 1 Million
Taylor Swift’s latest release could be the first album released this year to sell one million copies – and only the 19th album since 1991 to do so in the first week of sales. Taylor and her label Big Machine have not yet released the album to major streaming services like Spotify and Beats.
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Azoff Moves Forward With Global Music Rights
Former Live Nation chairman Irving Azoff is gaining steam with a new performance rights organization to compete with ASCAP, BMI, and SESAC in the United States. He already has an impressive list of writers on his roster including Ryan Tedder, Fleetwood Mac, and Pharrell Williams.
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iTunes Sales Down, Beats to Re-Launch
iTunes sales have dropped around 13-14% in the last year, and part of Apple’s plan to regain the sales could include incorporating Beats Music into iTunes sometime next year.
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