Apple Reportedly Has An iRadio Deal With WMG
June 3, 2013 at 3:55 AM (PT)
APPLE's expected iRADIO service is one step closer to launching, with news that APPLE has struck a licensing deal with WARNER MUSIC GROUP and its publishing arm, WARNER CHAPPELL.
CNET reports, "the deal suggests that APPLE is working hard to unveil what's been dubbed iRADIO at its Worldwide Developers Conference, which begins JUNE 10th," noting "the deals reached so far offer far better economics for the music labels and publishers than what they get from PANDORA, the product that most closely resembles iRADIO."
SONY is the only label still in negotiations, and THE NEW YORK POST recently reported, "Music industry executives are increasingly frustrated with SONY’s slow motion negotiating tactics with APPLE" over the expected iRADIO launch" (NET NEWS 5/23).
CNET describes iRADIO as being "tied to iTUNES, would be made for mobile devices. It would contain some features not available on PANDORA -- such as the ability to rewind a song from the middle of it, sources say -- and would have a simple button that would let users easily purchase a song. This, too, could be a boon to the labels, which collect roughly 70% of every dollar from an iTUNES purchases. Currently, there are about 500 million iTUNES accounts; PANDORA, by contrast, has about 70 million active users."