Apple has been rumored to be working on a new music streaming service for a while, the service will apparently be called iRadio, and it had apparently been delayed because Apple had yet to reach an agreement with some of the record companies.
According to a recent report by Cnet, Apple has now signed a deal with Warner Music, and Apple are expected to launch their new music streaming service at their World Wide Developer Conference later this month.
As yet we do not have any details on how the new Apple iRadio service will work, Apple has now apparently signed deals with the majority of the major record labels, which means that the service should launch soon.
Source Cnet