STOCK TITAN

Apple acquires classical music streaming service Primephonic

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Rhea-AI Summary

Apple has announced the acquisition of Primephonic, a classical music streaming service. This deal aims to enhance the classical music experience for Apple Music subscribers by introducing Primephonic playlists and exclusive content. A dedicated classical music app combining Primephonic's features is expected next year. Current Primephonic subscribers will receive six months of free access to Apple Music, including high-quality classical albums. The acquisition reflects Apple's commitment to expand its music offerings and attract classical music enthusiasts.

Positive
  • Acquisition of Primephonic enhances classical music offerings for Apple Music subscribers.
  • Launch of dedicated classical music app is planned for next year.
  • Current Primephonic subscribers receive six months of free Apple Music access.
Negative
  • Primephonic service will be taken offline starting September 7.
  • Transition may cause temporary disruption for existing Primephonic users.

The renowned classical music experience is coming to Apple Music

CUPERTINO, Calif. & LONDON--(BUSINESS WIRE)-- Apple® today announced it has acquired Primephonic, the renowned classical music streaming service that offers an outstanding listening experience with search and browse functionality optimized for classical, premium-quality audio, handpicked expert recommendations, and extensive contextual details on repertoire and recordings.

Apple acquires the renowned classical music streaming service Primephonic. (Graphic: Business Wire)

Apple acquires the renowned classical music streaming service Primephonic. (Graphic: Business Wire)

With the addition of Primephonic, Apple Music® subscribers will get a significantly improved classical music experience beginning with Primephonic playlists and exclusive audio content. In the coming months, Apple Music Classical fans will get a dedicated experience with the best features of Primephonic, including better browsing and search capabilities by composer and by repertoire, detailed displays of classical music metadata, plus new features and benefits.

“We love and have a deep respect for classical music, and Primephonic has become a fan favorite for classical enthusiasts,” said Oliver Schusser, Apple’s vice president of Apple Music and Beats. “Together, we’re bringing great new classical features to Apple Music, and in the near future, we’ll deliver a dedicated classical experience that will truly be the best in the world.”

“Bringing the best of Primephonic to Apple Music subscribers is a tremendous development for the classical music industry,” said Thomas Steffens, Primephonic’s co-founder and CEO. “Artists love the Primephonic service and what we’ve done in classical, and now we have the ability to join with Apple to deliver the absolute best experience to millions of listeners. We get to bring classical music to the mainstream and connect a new generation of musicians with the next generation of audience.”

“Primephonic was founded to ensure that classical music will stay relevant for future generations,” said Gordon P. Getty, a major shareholder of Primephonic. “Primephonic and Apple together can realize that mission and take classical to a worldwide audience.”

Primephonic is no longer available for new subscribers and will be taken offline beginning September 7. Apple Music plans to launch a dedicated classical music app next year combining Primephonic’s classical user interface that fans have grown to love with more added features. In the meantime, current Primephonic subscribers will receive six months of Apple Music for free, providing access to hundreds of thousands of classical albums, all in Lossless and high-resolution audio, as well as hundreds of classical albums in Apple Music’s Spatial Audio, with new albums added regularly.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or call Apple’s Media Helpline at (408) 974-2042.

© 2021 Apple Inc. All rights reserved. Apple, the Apple logo, Apple Music, and Beats are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Brian Bumbery

Apple

bumbery@apple.com

(424) 326-4156

Source: Apple Inc.

FAQ

What is the impact of Apple's acquisition of Primephonic on AAPL stock?

The acquisition is expected to enhance Apple Music's offerings, potentially increasing subscriber growth and positively impacting AAPL stock.

When will the Primephonic service be taken offline?

Primephonic will be taken offline beginning September 7.

What benefits will current Primephonic subscribers receive?

Current Primephonic subscribers will receive six months of free access to Apple Music.

What new features will Apple Music offer after acquiring Primephonic?

Apple Music subscribers will enjoy improved classical music browsing, search capabilities, and a dedicated classical music app next year.

Apple Inc.

NASDAQ:AAPL

AAPL Rankings

AAPL Latest News

AAPL Stock Data

3.45T
14.80B
2.06%
61.68%
0.88%
Consumer Electronics
Electronic Computers
Link
United States of America
CUPERTINO