Controversial service had faced paying damages of hundreds of millions of dollars in copyright infringement lawsuit filed by record labels.
US revenue from streaming services like Pandora, Spotify and Apple's Beats eclipsed sales of CDs last year, according to data from the music industry's trade group.
Some consumers accused Apple of unfairly boosting iPod prices because it banned music from services other than the iTunes store. They're asking for $350 million, and even Steve Jobs will make an appearance in court, via taped deposition.
Music's bedrock business will be selling access to streams, not ownership of tunes. So what does that mean for the artists you love? It should be music to their ears.
Singer received less than $500,000 in the past 12 months for US music streaming, label tells Time magazine.
Google's popular video site rolls out its long-teased contender in the paid streaming-music business. Called Music Key, it may have the best chance yet to popularize music subscriptions.
Spotify's Daniel Ek says the world's top subscription streaming-music service added 2.5 million paying members in fewer than six months and has returned a total of $2 billion to the music industry.
Revenue for digital music held steady in the first half of the year, but streaming services appeared to get richer at the expense of downloads, according to data from the RIAA.
Every iTunes customer -- more than 500 million people, but who's counting? -- get the band's new album free in what CEO Cook calls the largest record release in music history.
Commentary: EFF's Parker Higgins explains why a federal appeals court decision has knocked out the underpinnings of the business model used by copyright trolls.