Apple Music May Become Exclusive Home to Prince’s Unreleased 1983 ‘Purple Rain’ Concert Film

An unreleased Prince concert film and a documentary about the making of the film could be heading exclusively to Apple Music, according to sources close to the Prince estate (via Billboard). The late singer’s estate is said to be shopping around the rights to the concert film and doc to a variety of streaming services, namely including Apple Music and Spotify.

The agreement for the two films is said to potentially be a “multi-million dollar deal” thanks to the rarity of the footage. The concert film covers Prince’s August 3, 1983 show in Minneapolis, at which time he debuted numerous songs for the first time from the soundtrack to Purple Rain, which released in theaters the year after in 1984. The footage is said to be exhaustive enough that the winning streaming service could use it to create and produce a documentary about the making of the concert film.

Image via Billboard


Helping to negotiate terms of the deal is Troy Carter, an executive from Spotify and advisor to the Prince estate, but the sources believe that Spotify “isn’t likely” to become the exclusive home of the Prince films.

The lucky streaming service isn’t likely to be Carter’s employer, though: the estate is talking to a range of Spotify’s rivals including Apple Music, sources say.

The storied show at Minneapolis’s First Avenue nightclub was a surprise gig billed as a benefit for the Minnesota Dance Theatre, with a set list that included “Let’s Go Crazy” and “Purple Rain.”

Demand for Prince’s robust back catalogue of songs has increased following the artist’s death in April of 2016, and this past February his music became available to stream on Apple Music, as well as services like Spotify, Google Play Music, and Pandora. Prince’s music was previously exclusive to Tidal after he pulled all of his tracks from everything but the Jay Z-owned service in July of 2015.

If Apple acquired rights to Prince’s unreleased concert footage, the late artist’s films would be the newest in a line of exclusive music documentaries that Apple Music has acquired over the past few years. In the first year of Apple’s music streaming service, it launched Taylor Swift’s 1989 World Tour LIVE film, and last month announced that Sean “Puff Daddy” Combs’ documentary Can’t Stop, Won’t Stop will be hitting Apple Music this June.

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Could Apple buy Netflix or Tesla? Citigroup thinks so

Analysts often dream about spending Apple’s growing cash pile by listing which company’s Apple could acquire, and this week Apple’s cash reserves climbed past a quarter trillion dollars at $256.8 billion. In response, Citigroup analyst Jim Suva has listed both Netflix and Tesla as takeover targets for Apple…

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Apple’s Stock Has Already Bounced Back After Earnings Results Slightly Missed Expectations

Apple’s stock has recovered from early week losses incurred after the company’s earnings results fell slightly below Wall Street expectations.



Apple shares are currently trading for roughly $148, slightly above Tuesday’s closing price of $147.51, set just before the company’s earnings report. The stock had dropped to as low as $144.27 on Wednesday, but Apple has bounced back since alongside an overall rise in the S&P 500 index today.

Wall Street remains bullish on Apple heading into the second half of the year, as most analysts think the so-called “iPhone 8” with an OLED display and wireless charging will be a hit among customers. There’s also a larger than usual “supercycle” of customers with older iPhone models due to upgrade.

MacRumors obtained research notes from 19 analysts tracking Apple, and 15 of them continue to rate the company’s stock as a “buy” or equivalent following the company’s second quarter earnings results. All but three analysts believe that Apple’s stock price could rise to between $150 and $185.



Apple’s stock has been steadily climbing in value since dropping to a 52-week low of $89.47 in 2016, when the iPhone maker reported its first decline in annual revenue since 2001, and its first drop in iPhone sales ever.

AAPL touched $148.20 in intraday trading this morning, a new all-time high. The stock is on pace to top Tuesday’s record close of $147.51.

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Amazon Prime Video may be coming to Apple TV this summer

Amazon will reportedly bring its Amazon Prime Video app to Apple TV sometime in the third quarter of this year. Although it’s not confirmed, some industry observers have suggested that such a move would have had to be worked out directly between Apple and Amazon CEOs Tim Cook and Jeff Bezos. If correct, this could […]

(via Cult of Mac – Tech and culture through an Apple lens)