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Zumic Daily Business Roundup 8.27.2013: Whole Foods Sells Vinyls, iTunes Radio, SoundExchange Sues Sirius

Jimmy Haas

by Jimmy Haas

Published August 27, 2013

zumic-daily-business-roundup-8.27.2013

California Whole Foods Stores Now Selling Vinyl Records

Five Whole Foods locations in California have started selling vinyl records in their stores. Vinyl sales have been increasing despite physical sales of music decreasing overall. There is no word about how well they have been selling, or if they intend to start selling vinyls in Whole Foods in other states. Trader Joe's will have to step up its game in the overpriced food market.

Via: Brooklyn Vegan

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iTunes Radio Preparing For Launch

Apple is preparing to enter the music streaming market next month with the launch of iTunes Radio. The exact details of the streaming service are still unknown, but we do know that it will be similar to Pandora, but will also have a "Buy" button that is connected directly to the iTunes store. Apple already has deals with top advertisers such as Pepsi and McDonald's.

Via: Rolling Stone

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SoundExchange Sues Sirius XM Radio Over Royalties

SoundExchange has accused Sirius XM Radio of not paying what they should for royalties on recorded music. SoundExchange believes that Sirius underreported gross revenue so that they would pay less royalties. They are suing for at least $50 million and could go as high as $100 million.

Via: Reuters

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