Apple has signed a cloud-music licensing agreement with EMI Music and is very near to completing deals with Universal Music Group and Sony Music Entertainment, multiple music industry sources admit.
Warner Music Group already had a deal in place with Apple last month.The licensing agreements will enable Apple to launch a fully licensed cloud-music service to rival unlicensed offerings of rivals Amazon and Google.
The negotiations with Sony Music Group and Universal Music Group could be wrapped up as early as next week, the sources said. What this means is that signed contracts with all four of the top four record companies will be in Apple's hip pocket on June 6 when Apple kicks off the company's Worldwide Developers Conference. But it remains unsure that when will Apple announce the deals or roll out the cloud service.
No comments:
Post a Comment