• Apple Reportedly Inks Deal with Top Record Labels Ahead of Cloud Music Service Launch

    Call it a coincidence or mere happenstance, but on the same day we get news that Apple is ramping up its data storage facilities around the US, word comes that Apple has apparently sealed the deal (finally!) with several of the top labels in the music industry. Naturally, this development suggests that Apple is inching ever closer to rivaling both Amazon and Google with its very own cloud-storage and music streaming services.

    Apple has signed a cloud-music licensing agreement with EMI Music and is very near to completing deals with Universal Music Group and Sony Music Entertainment, multiple music industry sources told CNET.
    If the "sources" are correct in their timeframe - that is, Apple will have signed deals with the four biggest labels by the end of next week - then it's a safe bet that Apple will unveil the new services on or around June 6th - the start of Apple's Worldwide Developer's Conference.

    At this point, it's all but certain that a new iPhone (either the iPhone 4S or the iPhone 5) won't be rolled out in two weeks. If, on the other hand, Apple has a nifty little cloud-based service to introduce, Apple fanatics may very well have something to be equally as excited about.

    At this time, it is believed that Apple will charge for a cloud-based subscription service, although it is likely to be introduced for free during an initial trial period.

    Source: CNET
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