Well, that was quick.
Following a separate report earlier this week, which claimed that Warner Music Group (WMG) had signed a deal with Apple over what is thought to be both publishing and streaming rights to its entire music catalog, The Wall Street Journal this afternoon reports that Apple has also (finally) managed to reach an agreement with the executives at Sony Music Entertainment, too.
The deal is thought to relate to Apple’s need to get the world’s biggest music labels on-board with its rumored-to-be-upcoming “iRadio” music streaming service. According to the publication, “Sony Music has signed on to Apple’s forthcoming iRadio service,” citing a “person familiar with negotiations” as the source of its report on the matter.
Apple and Sony have reportedly had difficulty coming to an exact arrangement over how the label will be payed for songs streamed by users through the upcoming radio-music service. In the last several months, negotiations between the two companies are said to have revolved around Sony allegedly wanting to be compensated by Apple for songs that are eventually “skipped” by users.
A wholly owned subsidiary of the Sony Corporation of America, Sony Music Entertainment is a global recorded music company with a roster that includes a broad array of both local artists and international superstars, such as; Alicia Keys, Carrie Underwood, Karmin, Ke$ha, Labrinth, Michael Jackson, Paloma Faith, Paul Simon, and Rita Ora. The company boasts a hugely vast catalog of music, that comprises some of the most important recordings in history. It is also the home to premier record labels representing music from every genre.
Apple’s (rumored) “iRadio” service is expected to arrive completely FREE to end-users, with Apple regaining some of the money it is reportedly pouring into getting the service “right” from both visual and audio-based ‘iAds.’
Many are now expecting the service to be announced at this year’s WWDC. We’ll be there live to find out whether they do, or not. If you’re not already subscribed, you can get all frequent updates from RazorianFly through our main feed.