Yesterday we heard that Apple had signed a deal with EMI for it’s new iTunes Cloud music streaming service, we also heard that Apple was in talks with other labels, and according to a recent report Apple has now signed deals with Sony Music and Warner Music.
This now gives Apple three labels which it is reported to have signed a deal with, and it looks like Apple are also close to signing a deal with the Universal Music Group.
This should give Apple quite a large advantage over rival music streaming services from both Amazon and Google, as they will be able to offer a much more comprehensive service that their competitors.
We heard yesterday how Apple’s iTunes Cloud service might work, after a patent filing was revealed, and the patent revealed that they service would store portions of songs on a local device, like your iPhone and then the rest of the track would be streamed from the cloud.
Source Bloomberg
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