Apple’s negotiations with Warner Music and Sony Music to launch its “iRadio” streaming music service have hit a snag, The Financial Times reported. Earlier reports suggested Apple was close to striking deals with two major labels, and Universal Music has reportedly already agreed to terms that will see its catalog made available on Apple’s upcoming streaming music service, which should be similar to those offered by Pandora and Spotify. Apple’s most recent offer to Sony and Warner was 12.5 cents per 100 streamed tracks, the report claims, but neither label has accepted the terms at this point. According to FT, they want Apple to pay more than the standard rate paid by Pandora and similar services because of its “broader ambitions for iRadio.” It is unclear exactly how Apple plans to structure the upcoming service, which the company seemingly hopes to launch this summer.
Apple’s ‘iRadio’ ambitions hit a familiar snag
Published May 9th, 2013 4:00PM EDT
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
