Apple Wants to Own the Record Business, WMG’s First Quarter Earnings Up, and More in This Week's Labels Digest

TOP STORIES Apple Doesn't Want to Compete -- It Wants to Own the Record Business  Sources say changes at iTunes along with meetings between Jimmy Iovine and the labels signal the almost-here arrival of a new, all-you-can-eat music subscription service. Grammy Breakdown By Label: Majors Sweep Major Awards, Indies Have Strong Collective Showing  You may be surprised to learn: The majors dominated the Grammys. New Signings: Q Prime Signs Volbeat, Incubus Joins Island Records, Downtown Nabs Atticus Ross  Here's a look at the latest artist signings across the music industry, including record labels, artist management firms, publishing companies, booking agencies and more. Warner Revenue Inches Up in First Quarter  How does a music company grow in today's difficult climate? When possible, buy another company. Guy Hands and Terra Firma Return with $1.1 Billion to Work With  Guy Hands, the man who was inadvertently responsible for the dissolution of EMI, is back, with a $1.1 billion "war chest," as the Independent reports, at his disposal. Beck Thanks Capitol Records for Grammy Wins With Waffle Breakfast  After coming away from The Grammys last weekend with both Best Rock Album and Album of the Year honors for Morning Phase, the beloved indie rocker is thanking the Capitol Records staff with a waffle breakfast Friday morning. After J. Cole's Success, RCA Exec Mark Pitts Gambles on New Roster  Mark Pitts, president of urban music for RCA and CEO of ByStorm Entertainment discusses projects involving J. Cole, Usher, Miguel and Mali Music. Drake's Surprise Album Heading for No. 1 on Billboard 200 Chart  Drake's surprise album If You're Reading This It's Too Late is aiming to become his fourth No. 1 on the Billboard 200 chart -- with perhaps 400,000 sold. Dave Grohl Named Ambassador for Record Store Day 2015  The Foo Fighters frontman joins the likes of Joshua Homme, Ozzy Osbourne, Iggy Pop, Jack White and Chuck D as a Record Store Day ambassador.