Rumor: Apple close to finalizing iRadio content agreements, service to launch in a dozen markets in mid0to-late 2013
Date: Friday, April 12th, 2013, 07:05
Category: Rumor, Software
You know that iRadio/content deal Apple was wrangling through with major studios and content providers? It may be about sorted out and have an actual delivery date.
According to The Verge, the Apple radio service, once rumored for late 2012 to Q1/2013, has now been pushed back to mid-late 2013 because of difficulty signing the labels. Today the Verge says that Warner is all but signed up at rates comparable to what Pandora pays the labels – which is to say a lot. Earlier reports put Apple’s asking price much lower.
Apple is expected to sign its first interner radio licensing agreement with a major record label perhaps as soon as next week, multiple sources with knowledge of the talks have stated. Apple initially offered to pay 6 cents per 100 songs streamed, or about half of what Pandora pays. Now, Apple will pay rates nearly “neck and neck” with Pandora, one of the sources said.
Per CNET, sources have apparently also indicated Universal is also close to signing and that Apple is hoping to go into a dozen territories by summer:
The press has dubbed the service “iRadio”, in negotiations with the labels Apple is referring to it as its “new streaming service,” says a source…Apple is building some unique features, such as the ability to jump back to the beginning of a song. Apple is hoping to quickly unveil the service in up to a dozen territories, according to sources, including the U.K, France, Germany, Australia, and Japan.
Stay tuned for additional details as they become available.