Report: Amazon Close To Label Deals For Their Cloud-Based Service
June 13, 2012 at 4:00 AM (PT)
It was just over a year ago (NET NEWS 3/31/11) that AMAZON launched its cloud-based music player. On its website at the time, the company wrote "Shop 15 million songs, play your music on any ANDROID device, PC, or MAC with AMAZON Cloud Drive and AMAZON Cloud Player."
But AMAZON launched the service without deals in place with the major music labels.
Now, reports MUSICWEEK.COM, "AMAZON is rumored to be closing in on licensing deals with major labels for the company’s Cloud Player," now having "agreements with UNIVERSAL MUSIC GROUP and EMI. Sources say execs are also in the later stages of negotiations with SONY MUSIC ENTERTAINMENT and WARNER MUSIC GROUP and could announce the deals within weeks."
Once the deals are in place, users can avoid having to upload songs individually to the cloud and AMAZON could then match and stream songs to the user from stored copies.