CNet reports that Apple has finally signed on Universal for their forthcoming iCloud service, which is to be announced by Apple next week at WWDC. Universal is the final of the four major music labels to sign on board.
Apple, with the blessing of the music labels, will now be able to introduce the iCloud service, which will reportedly give them more flexibility in their offerings, as compared to Google and Amazon who have recently introduced similar services of their own, but without the music labels’ licensing.
The deal also breaks down, at least for Universal music, as such: Universal gets 58%, publishers gets 12%, and Apple retains 30%. Streaming won’t be available on the Monday of the introduction, but “soon” thereafter. Also, at first only iTunes-purchased music will be allowed in the iCloud, but music from outside sources will be allowed “sometime in the future.” So there’s that.
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