Apple “close” to deal for streaming iRadio | iLounge News

News

Apple “close” to deal for streaming iRadio

Apple is now close to signing deals that would pave the way for the company’s music streaming service, according to a new report. Sources claim Apple could reach agreements with Universal Music Group and Warner Music in the next week; a prior report indicated significant progress had been made in Apple’s dealings with the two record labels. While it’s believed the deals have Apple paying 6 cents per 100 songs streamed — half of what Pandora pays to record labels, and previously reported to be the main reason for delaying the service — the new report claims Apple’s service will offer additional revenue streams. Consumers will be able to buy a song they hear through iTunes, and a revenue share of new audio ads would also benefit labels. Sources say the streaming service will most closely resemble Pandora — it won’t offer on-demand listening, but “some unique features, such as the ability to jump back to the beginning of a song” may be included. By all indications, Apple is still prepping the service for a summer launch. [via CNET]

« Apple patent suit loss prompts iOS change

iPhone 5 available for pre-order at T-Mobile »

Related Stories

Comments

If you have a comment, news tip, advertising inquiry, or coverage request, a question about iPods/iPhones/iPad or accessories, or if you sell or market iPod/iPhone/iPad products or services, read iLounge's Comments + Questions policies before posting, and fully identify yourself if you do. We will delete comments containing advertising, astroturfing, trolling, personal attacks, offensive language, or other objectionable content, then ban and/or publicly identify violators.

Commenting is not available in this channel entry.
Sign up for the iLounge Weekly Newsletter

Email:

Recent News

Recent Reviews

Recent Articles

Sign up for the iLounge Weekly Newsletter

Email:

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2014 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy