“Apple is planning a cloud-based music locker service, which will let users stream their music, over the Web, to different devices,” Peter Kafka reports for AllThingsD.
“Which may sound a lot like what Amazon rolled out last month,” Kafka reports. “From the music industry’s perspective, however, there’s a big difference: Amazon started its service without getting approval from the big music labels. But Apple is actively seeking licenses for its service, and will pay the labels for the privilege.”
Kafka reports, “And sources tell me that Apple has already procured deals from at least two of the big four labels (Universal Music Group, Warner Music Group, Sony and EMI) within the last two months. One source tells me Apple content boss Eddy Cue will be in New York tomorrow to try to finalize remaining deals… The deals [Apple are] signing will allow it to store a single master copy of a song on its servers, and share that with multiple users.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Manny S.” for the heads up.]