Recent news from the recording industry and record labels is showing that there is possibly a new type of album on the horizon. Apparently, the four major record labels (EMI, Sony, Universal and Warner) have been working on a new file format called called CMX that will make albums more useful to consumers by adding extra content. As the story goes, they approached Apple with this format, and Apple declined to join with them. It now appears as if Apple is creating their own format to compete with that of the record labels.

The Financial Times is reporting that Apple is planning on releasing the long rumored “iTablet” device much sooner than next year as more recent rumors were pinpointing as the release date. No, apparently thanks to EMI, Sony Music, Warner Music and Universal Music Group, Apple will supposedly be releasing this device sometime around September.

I wouldn’t have expected NBC Universal to have a “record performance” in 2007. But according to their CEO, Jeff Zucker, they did. In fact, NBC realized a total profit of $923 million and revenue of $2.1 billion. I’m sure you know that NBC Universal drop out of iTunes last year – and I would have more »

It has become the norm to see that each week yet another lawsuit is filed against Apple. Last week we saw Apple sued over the iPhone battery, and this week has started of with Apple being sued over the iTunes Store. Rapper Eminem and his music publishers are taking Apple to court saying that Apple more »

Steve Jobs convinced them the first time. He convinced all of the major record labels to sign a contract that would lock them into selling their songs on the iTunes Store for a fixed $0.99 per song. The labels accepted, and the iTunes Store sold over 2 billion songs. Now, the time comes again for more »