The Apple cloud music service release is possible soon as reports indicate that Apple has nearly finalized deals with four major record labels which will be part of Apple’s new cloud music service.
As reported by CNET, Apple has nearly finalized deals and other necessary agreements with the four big record labels. These agreements will allow Apple to have a fully licensed cloud music service.
In the list of four major record labels, deals with Warner Music Group and EMI Music have already been penned whereas Sony Music Group and Universal Music Group may sign the deal with Apple as early as next week. The music owned by these record companies will then be officially available to users of Apple’s new cloud music service.
As per our previous report that Apple had purchased an iCloud.com domain name for $4.5 million, it is now more than evident that the company is set to roll out its cloud music service soon. Its competitors in this arena, Google Music and Amazon nevertheless do have a head start, but they don’t have record labels on their side, which can prove to be a very big advantage for Apple once it finally rolls out its cloud music service.