Apple appoints Oliver Schusser as Apple Music VP

12 April, 2018, 01:07 | Author: Kristen Mcgee
  • 2017 apple music gift card

Apple Music has a new global boss.

Word on the street was that Apple's music streaming service had surpassed the 40 million user milestone and that has been officially confirmed by the company today. His business cards will now read 'vice president of Apple Music & International Content, ' and he will report to Eddy Cue.

Schusser, who recently played a key role in Apple's recent $400m acquisition of Shazam - which is now awaiting regulatory approval - will relocate from the United Kingdom to California for the new position. That said, according to a recent report in The Wall Street Journal, Apple is on pace to top Spotify in the United States by this summer, with the Cupertino company's streaming service said to be growing its subscribers by 5 percent per month, compared to Spotify's 2 percent rate. The new figures show that another 2 million signed up from March to April (a gain of 5.3%) to pay for Apple Music.

Tesla (TSLA) Price Target Cut to $195.00 by Analysts at Goldman Sachs
The electric vehicle producer reported $0.71 EPS for the quarter, topping analysts' consensus estimates of ($0.54) by $1.25. In other Tesla news, VP Eric Branderiz sold 801 shares of the firm's stock in a transaction dated Wednesday, January 24th.

By comparison, industry leader Spotify - which publicly listed its shares last week, fetching a market capitalization of $29 billion - disclosed in February that it had 71 million paying subscribers.

Apple Music is getting bigger.

Range magazine earlier reported that the new subscriber amounts and Schusser'therefore promotion.

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