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 | 4461 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
President Obama Signs Cell Phone Unlocking Bill Into Law
President Obama has signed the Unlocking Cons...
FXNOW App Updated to Let You Watch Live TV
The FXNOW app has been updated with push noti...
Centrex Tweak Brings the New iOS 8 Control Center Look to iOS 7
Centrex is a tweak from Gabriele Filipponi th...
Ember for Mac Updated With New Screen Recording Feature
Ember for Mac, an application that lets you s...
Typo 2 Keyboard Case for iPhone Now Available to Pre-Order
Typo 2, a new version of the keyboard case fo...