mand service, and 5) the company is acquired. Downside risks to our PO are: 1) emerging competition from both other Internet models like Spotify and Apple Music, as well as large, established radio companies like iHeartMedia embracing Internet streaming, 2) slow down in the company's ability to grow monetizat

DER ID MN2VXTG8KH DOCUMENT NO. 182218275327 BILLED TO Amex .... 2086 Karyna Shuliak 9 East 71st Street New York, NY 10021.4102 USA Receipt Apple Music Apple Music Membership Apple Music Membership (Monthly) Renews Aug 16. 2018 PRICE $9.99 2 Apple Music Membershi p Subtotal $9.99 Tax $0.0

e <MINE IM> Subject: Your receipt from Apple. Date: Thu, 16 Aug 2018 23:52:41 +0000 g•AP pie APPLE ID DATE Aug 16, 2018 ORDER ID MN2XKMNVX7 Apple Music it:; Apple Music Membershi p DOCUMENT NO. 187222610719 Apple Music Membership Apple Music Membership (Monthly) Renews Sep 16. 2018 BILLED T

MN2OZYV2NX 129155525082 Receipt BILLED TO American Express .... Karyna Shuliak TOTAL 9 East 71st Street $9.99 New York, NY 10021-4102 USA Apple Music TYPE PURCHASED FROM PRICE Apple Music Members hip Apple Music Membership Monthly I Apr 16. 2017 Subscription $9.99 Subtotal $9.99 Tax $0

updates to install! 4. Sign in with the email & password Apple has on record for you. 5. Return to the home screen and select the movies, tv shows. Apple Music or App Store icons to find your content. If you choose to sign into your Apple ID account, please remember to sign out on your departure. EFTA0029

updates to install! 4. Sign in with the email & password Apple has on record for you. 5. Return to the home screen and select the movies, tv shows, Apple Music or App Store icons to find your content. If you choose to sign into your Apple ID account, please remember to sign out on your departure. EFTA0029

work" after. C. One step beyond that would be to sync his music library with iTunes Match ($25/year http://www.apple.com/itunes/itunes-match/ ) or Apple Music ($10/month http://www.apple.com/music/ ). The difference being that Apple Music allows him to play almost any song in Apple's catalog, whereas iTune

AppleTVs. Most of these were bug fixes, but there are some notable improvements as well: iOS 9.2 Apple introduced new features into their News and Apple Music apps - I'm fairly sure Jeffrey uses neither — as well as support for AT&T's new "NumberSync" service, which allows you to make phone calls over Wifi

hardear0 or software. Internet access required. data fees may apply. Content prices and evader:4.1y are subjea to change. For more information. see Apple Music requires a subetription. see for more information. All nghts reserved. Copyright C 2016 Apple Inc_ 1 Inflnite Loop. COPertiri0. CA 95014 Privacy P

DATE Karyna Shutiak TOTAL Jun 16, 2017 9 East 71st Street $9.99 New York, NY 10021.4102 ORDER ID DOCUMENT NO. USA MN24L74JFT 122165475089 Apple Music Apple Music Membership Monthly 1 Jul 16, 2017 TYPE Subscription PURCHASED FROM PRICE $9.99 gt Ap pl usie Members hip Subtotal $9.99 Tax

2018 00:58:44 +0000 g2Ap ple APPLE ID DATE May 16, 2018 ORDER ID MN2QMFKFS1 213208419158 New York, NY 1 21-4102 USA Receipt TOTAL $9.99 Apple Music PURCHASED FROM PRICE APPle Music Members hip Apple Music Membership Monthly I Jun 16, 2018 Subscription 59.99 Subtc' 59.99 50.00 TOTAL

Your receipt from Apple. Date: Thu, 17 Jan 2019 00:16:07 +0000 P.Ap ple APPLE ID Jan 16, 2019 ORDER ID DOCUMENT NO. MN35KFXMO8 214247343070 Apple Music 2 Apple Music Membershi p Apple Music Membership Apple Music Membership (Monthly) Renews Feb 16. 2019 BILLED TO Karyna Shuliak 9 East 71st

DATE Karyna Shuliak TOTAL Feb 16, 2018 9 East 71st Street $9.99 New York, NY 10021.4102 ORDER ID DOCUMENT NO. USA MN2K29DH01 112195928971 Apple Music TYPE PURCHASED FROM PRICE APPle Music Members hip Apple Music Membership Monthly I Mar 16. 2018 Subscription $9.99 Subtotal 59.99 Tax $0

e <MINE IM> Subject: Your receipt from Apple. Date: Sun, 17 Dec 2017 02:56:21 +0000 PAAp ple APPLE ID DATE Dec 16, 2017 ORDER ID MN2G5T1HTQ Apple Music gt Ap pl usie Members hip UMENT NO. 216187407162 Apple Music Membership Monthly I Jan 16, 2018 BILLED TO Amex .... 1088 9 East 71st Street

vice Id: 0372 Card Type: Credit Verified by Signature TVR: 0000008000 TSI: F800 http://apple.com/legal/sales-support/sales.policies/retail.html Apple Music. 45 million songs. Zero ads. Try three months on us. applemusic.comaryFree EFTA00525282

nce Number:0 Device Id: 0136 Card Type: Credit No CVM TVR: 0000008000 TSI: F800 httpl/apple.com/legal/sales-support/sales•policies/retail.html Apple Music. 45 million songs. Zero ads. Try three months on us. applemusiccom/TryFree EFTA00525284

both ad dollars and listeners on multiple fronts: satellite radio, streaming radio (i.e.. Pandora), and music subscription services (e.g. Spotify, Apple Music), to name a few. Connected cars may amplify these competitive pressures. All that said, unlike other under-pressure traditional media outlets (i.e

o streaming it, While this trend is clearly weighing on track and album unit sales, we think that over time increasing adoption of services such as Apple Music, Spotify, Pandora, Google Play, and others should play positive for the music industry. The transition is still in its nascent stages (paying musi

ies 28% Y/Y no=malized growth. In the June quarter, paid subscriptions to Apple Services t=pped 300M users (+60% Y/Y) and the App Store, AppleCare, Apple Music, iClou= and Apple Pay all set new June quarterly revenue records. For the App Stor=, results were even more impressive when considering the Chinese

.IcRYTgGSK6ME7iUYpQCsKnqQHp0g=XonlA7aSnSBAlpvAaLODIO1Rk0M2CplA5LTOUoVAQd pW6SSIVoUxgDAFo7bIm76tD3w_3Ubhbn=Ba5NbLA> EFTA_R1_01317890 EFTA02346776 Apple Music <http://email.focusatwill.com/c/eJ=FkEluxCAQRU9jbyKsYiiDF3.5027hHUeCOI09q445y- STTiOgMvxA8HqSe0Fk71GNvQHtAbTSid=2jHba2CdZbyXAN4XJ9rxwMKx87le9xmhpeS_r