Apple close to agreement on streaming ‘iRadio’ service with Universal Music, sources say

“Apple is expected to sign its first internet radio licensing agreement with a major record label perhaps as soon as next week, multiple sources with knowledge of the talks have told The Verge,” Greg Sandoval reports for The Verge.

“Universal Music Group, the largest of the major record companies, has reached the final stages of the negotiations and Warner Music is close behind, the sources said,” Sandoval reports. “Apple is expected to launch a web radio service similar to Pandora’s later this year, provided that executives there can strike an agreement with Sony Music Entertainment as well as music publishers.”

Sandoval reports, “Talks with Sony, which operates the third label, Sony Music Entertainment and Sony / ATV, the music publishing company jointly run with the estate of the late singer Michael Jackson, are said to not be as far along towards reaching a deal. ”

Read more in the full article here.

Related articles:
Pandora killer: Apple close to deal with two major music labels; looks to debut ‘iRadio’ streaming music service in June – April 5, 2013
Apple pushing hard for summertime launch of iRadio music streaming service – March 29, 2013
Apple’s ‘iRadio’ imminent? ‘Radio Buy Buttons’ found in iOS 6.1 – February 5, 2013
Analyst: No ‘Apple Television’ this year, but ‘iRadio’ on the way – January 3, 2013
Apple’s iTunes radio should pump up heat on Spotify, not Pandora – December 3, 2012
Analyst: Apple to launch ad-supported ‘iRadio’ music streaming service next year, before ‘Apple iTV’ – December 3, 2012

3 Comments

  1. The whole ‘streaming radio’ buzz is just a distraction or diversion from what’s really being developed. Seriously, do we need a new radio streaming service/system? What’s the value proposition for Apple? Think about it honestly – does this really sound like the next big thing from Apple? Doubtful. Something else is brewing. If history tells us anything – it’s that long periods of silence are often followed by something revolutionary.

    1. Yeah, it doesn’t seem that big to me either. Maybe if you’re a twentysomething or a teenager? And I don’t know that it necessarily is considered the “next big thing” by Apple? Possibly just something for the ecosystem? I’m not saying it’s a bad thing. Perhaps it will tie in with something else? But I can’t see how that would have anything to do with Apple owning the living room. Oh well, it’s not like they don’t have enough money and employees to do this.

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