Bloomberg this evening reports that Apple and Sony have come to terms on a streaming music licensing deal, leaving the largest label, Universal, as the only one of the big four labels not to (yet) sign with Apple. Earlier this year and again this week, it was reported that EMI signed with Apple.
A licensing deal will allow Apple to more efficiently store music in the Cloud (it can store top songs only once rather than once for every user library that contains the song like Google). Apple could announce a product as early as WWDC or at a more traditional music event, like the one Apple usually introduces iPods at in the Fall.
Bloomberg also noted that Apple would need to reach agreements with music publishers, which control different rights than the labels.
- iTunes cloud locker all but ready as Apple signs a deal with EMI (9to5mac.com)
- Beatles on iTunes help revert a decade-long decline in music sales (9to5mac.com)
- Apple patent reveals “seamless and invisible to the user” Cloud music (9to5mac.com)
- Apple negotiating unlimited song downloads/permanent music backups for iTunes? (9to5mac.com)
- Apple music locker “ready to go” as iTunes chief signs deals with labels (9to5mac.com)
- Labels playing the Apple card to force Amazon, Google into licensing deals (9to5mac.com)
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