Myce.com Latest Updates

Apple readies iCloud, could pay over $100 million for music

Posted at 04 June 2011 13:00 CET by Justin_Massoud

Apple announced this week that a focal point of its upcoming annual Worldwide Developer Conference on June 6th will be iCloud. Some believe this is the long-rumored, cloud-based iTunes spin-off set to compete with similar offerings from Google and Amazon. New reports lend credence to those expectations and suggest the successful hardware manufacturer could end up handing over more than $100 million to the recording industry in the process.

The New York Post reported on Friday that three unnamed sources told them it would cost Apple nearly $150 million to receive the blessing of four top music industry labels for the venture and avoid any possible litigation. Another anonymous executive told the outlet that the service would initially be free for iTunes users, with a possible $25/year charge attached in the future.

CNET later countered The Post’s iCloud article, citing an insider source who dismissed the claim that Apple would be making advanced payments.

In April, it was discovered that major players in the music industry were in talks with Apple about the music locker service, with a couple labels already on board. This week news broke that Universal Music Group and Apple had finalized a deal related to iCloud.

Everything is in place for the company to launch the iTunes successor, which, thanks to the licensing agreements, will have something Google’s Music Beta and Amazon’s Cloud Player services do not: official support. But are consumer even interested?

A survey conducted last summer found that millions of iTunes users would likely pay up to $10/month for access to a cloud-based streaming music service, and considering the continued popularity of iTunes it’s likely Apple could stand to grab a huge share in the burgeoning cloud market.

Are you already using Google or Amazon’s cloud music players? Waiting on iCloud? Or just uninterested in the concept? Let us know in the comment section.

There are 0 comments

Post your comment

You need to register before you can comment

Like us

Most popular headlines

Android 5.0 Lollipop contains serious SMS bug on Nexus 4, 5 and 6

Users on the Android Issue Tracker report a SMS bug in Android 5.0 Lollipop runn...

Mozilla has started to show advertisements in the Firefox browser

Mozilla has started to show advertisements in the Firefox browser. The browser d...

Whatsapp releases beta with option to disable blue checkmark read indicator

Whatsapp released a beta version of their app today, which allows users to disab...

Microsoft's recent SSL patch causes issues - update system remains seriously flawed

An important update Microsoft released last Tuesday fixing a critical vulnerabil...

French hacker to release homebrew exploit for Nintendo 3DS

A French hacker promises to publish an exploit which makes it possible to run ho...

See all headlines
Follow Myce.com