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Expand chart
Reproduced from IFPI Global Music Report; Chart: Axios Visuals

Apple is killing its famous iTunes app on the Mac in favor of three new apps this fall: one for music, podcasts and TV.

Why it matters: The move is a symbol of the way music consumption has changed, moving from digital downloads to on-demand streaming.

The big picture: Over the past year, Apple has aggressively pushed users away from iTunes in favor of Apple Music, which has grown to reportedly surpass Spotify in U.S. users.

  • Analysts don't expect Apple Music to make tons of money, as licensing and label and publisher payout fees are expensive.
  • The music streaming service will likely strengthen the value proposition for Apple's hardware relationships, just as Amazon's music service is meant to strengthen its retail business through stronger consumer relationships.

Between the lines: The industry has developed standards and benchmarks for popular music around album sales and downloads.

  • The New York Times reports artists like Taylor Swift and Travis Scott are trying to bundle free downloads with ticket or merchandising sales in order to game the Billboard 100 list.
  • Billboard changed its methodology last year to weigh streaming success more heavily in its calculations, but the now widespread practice of bundling free downloads with merchandise and ticket sales is putting pressure on the group to readjust its calculations.

What's next: The music business is still trying to figure out how artists will be compensated for streaming success.

  • Some artist advocates have urged Apple not to cut off downloads entirely, as they provide a way for artists to get paid.

Go deeper: What Apple knows about you

Go deeper

Miriam Kramer, author of Space
8 mins ago - Science

Biden's military space future

Illustration: Eniola Odetunde/Axios

President-elect Joe Biden should anticipate major and minor conflicts in space from even the earliest days of his presidency.

The big picture: President Donald Trump's military and civil space policies are well-documented, but Biden's record and views on space are less clear.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus may have been in U.S. in December 2019, study finds — Hospital crisis deepens as holiday season nears.
  2. Politics: Bipartisan group of senators unveil $908 billion COVID stimulus proposalFDA chief was called to West Wing to explain why agency hasn't moved faster on vaccine — The words that actually persuade people on the pandemic
  3. Vaccine: Moderna to file for FDA emergency use authorizationVaccinating rural America won't be easy — Being last in the vaccine queue is young people's next big COVID test.
  4. States: Cuomo orders emergency hospital protocols as New York's COVID capacity dwindles.
  5. World: European regulators to assess first COVID-19 vaccine by Dec. 29
  6. 🎧 Podcast: The state of play of the top vaccines.

Bipartisan group of senators unveils $908 billion COVID stimulus proposal

Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) in the Capitol in 2018. Photo: Tom Williams/CQ Roll Call

A bipartisan group of senators on Tuesday proposed a $908 billion coronavirus stimulus package, in one of the few concrete steps toward COVID relief made by Congress in several months.

Why it matters: Recent data shows that the economic recovery is floundering as coronavirus cases surge and hospitals threaten to be overwhelmed heading into what is likely to be a grim winter.

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