“Sources say that the labels believe web radio is bigger than Pandora and the market will expand soon,” Greg Sandoval reports for The Verge. “Apple is coming.”

“Much has been written about Apple’s plan to launch a Pandora-esque service this year,” Sandoval reports. “Now multiple music industry insiders have told The Verge that significant progress has been made in the talks with two of the top labels: Universal and Warner.”

Sandoval reports, “One of the sources said ‘iRadio is coming. There’s no doubt about it anymore.’ Apple is pushing hard for a summertime launch.”

Read more in the full article here.

MacDailyNews Take: “Apple is coming.” Quick, someone get Pandora et al. some new pants!

Apple’s iRadio will be far bigger than most observers currently realize.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

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