Apple Inc. will be cancelling subscriptions to Beats Music on November 30. Apple, which bought Beats last year for $3 billion, is encouraging users to move over to Apple Music, the company’s music streaming service. Beats Music subscribers will be able to move “picks and preferences” over to Apple Music before the subscriptions are pulled. “All the pros that curated music for you are still crafting more amazing experiences,” said a blog on Beats Music. Apple launched its subscription music streaming service in June. Apple shares were down 1.6% in midday trade Friday.
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From:: Stock Market News