Apple is said to be getting very close to nailing down streaming licensing agreements with Universal Music Group and Warner Music, according to sources speaking to The Verge. The report follows news from the NY Post that claimed Apple was well under where labels were expecting in terms of its streaming rates, and now says that Apple's service will pay fees pretty much on par with those paid by Pandora. If Apple does launch this service, it's about to become a lot harder to operate as a competitor in this space.Source: http://feedproxy.google.com/~r/Techcrunch/~3/9qCaOjeeVGA/
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