Economic Times: Apple likely to release iCloud service in June, announce at WWDC

The Ecconomic Times expands on the recent chatter about the iTunes Cloud (iCloud?)service we’ve been hearing about.  The news site confirms that Apple has locked up deals with 3/4 of the top labels (Universal is widely reported to be the holdout) and is set to reveal the new service at next month’s WWDC.

The Cupertino, California-based gadget-maker is expected to launch a new Web-hosted music service next month, according to multiple reports, after negotiating deals with at least three of the four major record labels.

WWDC isn’t traditionally a venue for iTunes related news but we’ll give Apple a pass…

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