Apple is reportedly considering a tie-up with US radio group iHeartMedia

Apple is exploring a tie-up with the largest U.S. radio group, iHeartMedia, to try and boost its streaming service, the Financial Times reported on Thursday.

music recognition app Shazam to bolster its music business as the company takes on streaming giant Spotify. Apple’s subscription service boasted 50 million active users in May, though the company hasn’t offered an official update since. Spotify has 83 million paying subscribers and 100 million or so unpaid users.

Apple is set to report fourth-quarter earnings on Thursday.

Read the Financial Times’ full report on Apple exploring a stake in iHeartMedia here.

Read More


Please enter your comment!
Please enter your name here