Deals for Apple Radio Service are 'Nowhere Near' Complete

Posted December 5, 2012 at 5:46pm by iClarified | Please help us and submit a translation by clicking here | 4775 views

Apple is rumored to be working on a radio service that would compete with Pandora; however, a recent report from CNET says deals for the service are 'nowhere near' completed.

The rumors continue to swirl but multiple music industry sources have told CNET in recent weeks that the deal that Apple has offered for iRadio has left the major record companies -- Sony Music Entertainment, Warner Music Group and Universal Music Group -- cold.

My sources say that, at a minimum, a deal with all the majors is nowhere near to being completed. Even if Apple sweetens its offer or the big labels change their mind tomorrow, these deals take a while to put to bed. Even in the best case scenario, it will still be a while before we see iRadio.


Pandora, the largest web radio service, saw an 18% drop in its share price recently, following its earnings report which revealed an expected loss of loss 6 to 9 cents a share in the fiscal fourth quarter.

Read More


Share
Add Comment
Follow iClarified
The Samsung Galaxy S6 Has a Whopping 56 Apps Preinstalled
The Samsung Galaxy S6 comes with a whopping 5...
In-Store Apple Watch Stock Will Be Heavily Constrained at Launch
Launch day stock of the Apple Watch will be h...
Tangent is Apple's Free App of the Week [Download]
Apple has selected Tangent as its Free App of...
Apps With Apple Watch Support Begin Surfacing on the App Store
Apple has started approving apps with support...
Apple Watch Learns About Your Stride, Can Be Use to Track Runs Without the iPhone