Major labels, music publishers lining up behind Apple’s iCloud
Apple Inc. has just sewn up its contracts with the four major record labels Thursday for a cloud music service, with agreements from music publishers to follow on Friday, according to sources familiar with the negotiations. Dubbed iCloud, the service initially will be offered for a free period to people who buy music from Apple’s iTunes digital download store, allowing users to upload their music to Apple’s computers where they can then play from a Web browser or Internet-connected Apple device. The company plans to eventually charge a subscription fee, about $25 a year, for the service. Apple would also… Read more »
