Apple iRadio Is Coming This Summer
Chris Eissens
The Verge reported that negotiations between Apple and record companies regarding Apple’s rumored ‘iRadio’ music service are progressing and that there’s no doubt iRadio is coming, which Apple is pushing hard to launch this summer.
Much has been written about Apple’s plan to launch a Pandora-esque service this year. Now multiple music industry insiders have told The Verge that significant progress has been made in the talks with two of the top labels: Universal and Warner. One of the sources said “iRadio is coming. There’s no doubt about it anymore.” Apple is pushing hard for a summertime launch.
It took some time since Apple was having difficulties negotiating royalty rates that were satisfactory to both sides.
Source [MacRumors]
\\ tags: 2013, apple, iRadio, Launch, Summer, Universal, Warner
March 31st, 2013 at 4:33 am
Apple’s royalty rates were a joke. They offered 6 cents compared to 14 cents by Spotify and others. If they do get a streaming service with a freemium model, others will get some serious competition.