When Apple unveils its next generation Apple TV product this Wednesday at its scheduled event in San Francisco, insiders say videogames will be one of the key selling points. The move marks a departure for Apple TV, which has thus far been marketed as a device for streaming video and music content. The device will reportedly feature the components necessary for generating interest from casual gamers, including more power and a faster processor for improved graphics, a motion-sensitive remote that could also serve as a game controller and an app store for downloading games. Continue reading New Apple TV Could Compete with Traditional Game Consoles

YouTube launched its centralized hub for gaming this week, a new competitor to Amazon’s Twitch that features live and recorded video content about popular games. YouTube Gaming is available for game fans on mobile (Android, iOS) and the Web and offers more than 25,000 dedicated pages. The service automatically populates all gaming content from YouTube’s community, and Google is appealing to video creators by promising to make it simpler to livestream their games. Gaming-related video content has exploded in popularity, and is now second only to music. Continue reading YouTube Rolls Out Dedicated Gaming Hub to Take on Twitch

According to a new report from music analytics firm Next Big Sound, consumers streamed more than one trillion songs during the first six months of this year. The report acquired data from Pandora, Rdio, SoundCloud, Spotify, Vevo, Vimeo and YouTube. While digital downloads and CDs continue to experience a decline, streaming music generated $1.87 billion last year. Streaming music is clearly on the rise (Next Big Sound cites only 450 billion streams for all of 2014), yet companies are still looking for opportunities to profit. Continue reading Music Fans Have Already Streamed One Trillion Songs in 2015

Since launching Apple Music on June 30, Apple reports 11 million users have signed up for a three-month trial to access 30 million songs. If they all become paying members, by October the Silicon Valley firm will have half the membership of leading music streamer, 10-year old Spotify. Apple is launching a comprehensive marketing campaign — with billboard, TV and radio ads — for the new streaming service. In the fall, it will roll out its Android version of Apple Music in beta. Continue reading Apple’s Plan to Dominate Streaming Music Off to a Good Start

Amazon announced it will sell its Amazon Echo device with office supply chain Staples; however, it will only be available online. The Echo, a voice-activated speaker with the ability to answer questions, dim lights, and play music and more will be available for $179.99. The decision to sell the product through a third party has received mixed feedback, because the device still lacks a retail presence. While Staples carries Kindles, Fire TV and the Fire tablet, the Echo will not be showcased in stores. Continue reading Amazon Offers Echo Through Staples, But Exclusively Online

To compete with live social platforms including Snapchat and Twitter, Facebook is testing a new feature that allows users to access public content and friends’ posts from live events. To start, the social network is offering live streams from the Lollapalooza music festival in Chicago to users anywhere in the United States. The feature will be available through “Place Tips,” a recent feature for accessing friends’ posts and info based on location. With the music festival, Facebook will make that information available remotely. Continue reading Facebook Tests Live Event Stream with Lollapalooza Festival

Greenlight VR, a San Francisco-based business intelligence startup specializing in the virtual reality industry, has created a business map of significant VR players. The rising prospects for virtual reality as a mainstream medium has seen new demand for ways of better grasping the scope and nuances of the industry’s emerging and rapidly evolving landscape. The database profiles hundreds of VR businesses from around the world — from fledgling startups to the established companies entering this space — organized by 22 categories across 11 sectors. Continue reading Greenlight VR Maps Today’s Virtual Reality Industry Ecosystem

To meet the needs of its younger audience, Snapchat has added BuzzFeed and iHeartRadio as new content partners for its Discover portal. Snapchat launched the platform earlier this year in hopes that teens and millennials would follow their news and entertainment without leaving the app. The addition of BuzzFeed and iHeartRadio should bolster its efforts and get users to check out other Discover channels. Snapchat hopes to grow Discover, and recently moved the feature to its central Stories screen for easier access. Continue reading BuzzFeed and iHeartRadio Join Snapchat’s Discover Platform

Spotify signed a music and video distribution deal with SFX Entertainment to bring new videos and curated playlists to the world’s largest on-demand music service. Spotify’s 75 million active users and 20 million paying subscribers will have access to exclusive content from SFX’s Beatport, an online music store that focuses on electronic dance music. In addition, Beatport will deliver programming from various music festivals produced by parent company SFX. The collaboration will focus on integrating video content as well as music. Continue reading Spotify and SFX Announce Music and Video Distribution Deal

Spotify’s new feature, Discover Weekly, is a two-hour personalized music selection based on users’ listening habits, delivered every Monday morning. It aims to introduce new music and artists to subscribers based on newly created case profiles. The playlists are much like recommended mixtapes generated by algorithms that evolve over time, relative to user data. The new feature is an attempt by Spotify to maintain its subscriber base as it faces growing competition from rival services such as Rdio, Deezer, Apple Music and others. Continue reading Discover Weekly: Spotify Debuts Personalized Music Playlists

Apple reported a 38 percent increase in profits — which equals $10.7 billion — from a year ago. Revenue rocketed 33 percent to $49.6 billion, and the iPhone, the company’s biggest source of revenue and profit, jumped up 35 percent to 47.5 million units. Still, on hearing the news, Apple’s stock plummeted. Why? Investors and Wall Street analysts expected Apple to wildly exceed its projections. Instead, when stratospheric sales of iPhones and Apple Watches didn’t materialize, Apple fans and shareholders were disappointed. Continue reading Apple Stock Declines on News of 38 Percent Growth in Profits

Shred Video, a startup out of Y Combinator, now offers an easy way to turn hours of GoPro video into a 90-second clip with music. Users simply match GoPro footage with songs from their iTunes library, and Shred Video does the rest. The new app identifies moments of action from any acceleration-based sport (think surfing, skateboarding, snowboarding) and highlights video with the beat-drop of the song. Not to be outdone, GoPro plans to release its own mobile editing software by the end of summer. Continue reading Shred Video Debuts GoPro Editing, GoPro’s Version to Follow

Flipagram is a mobile storytelling app that allows users to create short slideshows (or “Flipagrams”) by stitching together video content, photos and music. The company has made a significant step towards becoming one of the first such apps to incorporate modern music in a major way by signing licensing deals with top record labels and landing an additional $70 million in funding. According to CEO Farhad Mohit, Flipagram has attracted 33 million active monthly users in its first year. Continue reading Flipagram Inks Music Deals, Raises $70M in Round B Funding

Verizon Communications and Vice Media have formed a multiyear partnership to create a mobile-first video service, which will include: exclusive Vice shows that will only air on Verizon; Vice content on food, travel and technology; and a Vice original series called “Autobiographies,” which will spotlight and interview celebrities. Verizon’s new service reportedly will also include live National Football League games and other sporting events, as well as 200 hours of original and scripted series from AwesomenessTV. Continue reading Verizon and Vice Partner to Provide New Mobile Video Service

SoundCloud, which has mixed music and community for eight years, now boasts 150 million registered users who have uploaded over 100 million tracks and clips. Such artists as Prince, Snoop Dogg, Beyoncé and Drake have used the platform to release special tracks, remixes and promos. But as SoundCloud transitions from a free service with unlicensed content to one that licenses content and shares revenue, it teeters between two different creative models and the potential of a major breakthrough or bust. Continue reading SoundCloud Signs Warner, Grows Mix of Music and Social Media