We have been hearing rumors for a while that Apple are working on their own online radio service to take on the likes of Pandora, and now according to a recent report by Bloomberg the service will launch early next year.
Apple are apparently in discussions with the major labels about the service, and a deal may be reached by the middle of next month, and the service could launch in the first quarter of 2013.
Apple’s Radio offering is expected to be free and supported by adverts, and Apple and the music labels are apparently discussing at the moment how the ad revenue will be shared.
It will be interesting to see what Apple’s new Radio service is like, as soon as we get some more information on how it will work and when it will be available we will let you guys know.
Source Fast Company