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Apple will officially enter the music streaming subscription market on Tuesday with the launch of Apple Music and its accompanying Beats 1 radio station. An estimated 41 million people paid for a streaming music subscription service in 2014, according to IFPI, a London-based recording industry trade group that represents more than 1,300 record labels. Apple's huge advantage: With more than 800 million iTunes accounts, Apple Music has the opportunity to quickly amass a following.
Billboard music magazine has announced that it will hold a music festival August 22-23 in the state of New York. Produced in partnership with LiveNation, Billboard magazine will host its first Hot 100 Music Festival at the Jones Beach Festival Grounds. Over 30 artists will perform on three main stages over the two-day music festival.