San Jose, Calif. — Apple released a new application for iPad and iPhone users that will enable them to stream live performances from the iTunes Festival London 2011.

The 9.7MB, free software is available to iOS devices — requiring the mobile or tab-like gadgets to have a iOS 4.1 or better running system

“Download the official app now to explore the lineup in more detail and watch the shows LIVE or on demand for a limited period from wherever you are in [...].

Cupertino, Calif. - Apple (NASD:  AAPL) is promoting an announcement scheduled for tomorrow regarding its iTunes service that the company promises "you’ll never forget." "Tomorrow is Just Another Day. That You’ll Never Forget. Check back here tomorrow for an exciting announcement from iTunes," reads a note posted to Apple.com on Monday.

Wired.com speculates the company will introduce a new iTunes music streaming service, and notes that the announcement appears it may only cover iTunes in the U.S., Japan and England.

Billboard added the announcement may herald longer iTunes [...].

New York – The CEO of NBC Universal (NYSE: GE) says the company is not likely to offer its programs for digital rental on Apple’s (NASD: AAPL) recently announced iTunes TV rentals service, arguing they are priced too low at 99 cents, Reuters reported. "We do not think 99 cents is the right price point for our content. … We thought it would devalue our content," NBCU head Jeff Zucker reportedly told an investor conference.

Last week, Warner Bros. (NYSE: TWX) CEO Barry Meyer made similar comments, saying Apple’s TV [...].

Los Angeles - Warner Bros. (NYSE: TWX) believes that Apple’s (NASD: AAPL) new TV show rental service prices episodes too low and will cannibalize sales of its programs, which is why the company isn’t participating, the Associated Press reported.

Warner Bros. CEO Barry Meyer made those comments on Thursday at an investor conference.

Apple is renting TV episodes for 99 cents each, while permanent downloads of those same episodes sell on iTunes for $2.99 each.

Related Links:

http://tinyurl.com/2cv4lox

New York – TuneCore, a service that helps artists post their music for sale at iTunes and other retailers, on Tuesday posted details for its musician clients on how they can set up Artist accounts on Apple’s (NASD: AAPL) new Ping music social network within iTunes. TuneCore will handle authentication, making sure legitimate parties claim the page, after which Apple emails a unique link to the artist, who may then log in with an existing iTunes account or create a new iTunes account for the Ping Artist [...].

San Francisco – A federal appeals court has overturned a victory for Universal Music Group in a dispute over how much it royalties it owes rapper Eminem for digital sales of his songs, Bloomberg reported.

A 2009 ruling found that Eminem-affiliated FBT Productions was only entitled to the same royalty rates on sales of downloads and ringtones he received for sales of physical products like CDs.

The U.S. Court of Appeals in San Francisco said the lower court erred in siding with Universal’s reasoning, and FBT is [...].

Cupertino, Calif. – Apple (NASD: AAPL) said that more than one million iTunes users joined its new Ping music-focused social network in the 48 hours following its launch last Wednesday.

"One-third of the people who have downloaded iTunes 10 have joined Ping," said Eddy Cue, Apple’s vice president of Internet services.

"As many more people download iTunes 10 in the coming weeks, we expect the Ping community to continue growing."

Apple counts a total of 160 million iTunes account holders who could potentially become users of Ping.

Related Links:

http://www.apple.com/pr/library/2010/09/03ping.html

http://tinyurl.com/2eapmgl (Billboard)