Apple Rumored To Launch $25/Year iCloud Music Subscription Service
The music industry has not only changed over the past ten years, but it has been up-ended. Apple's iCloud will reportedly be offered free of charge at first, eventually charging $25/year. Advertising would also be included, which makes sense given the already-low subscription rate. The profits would be split up between Apple, the publishers and the labels, and reports suggest that EMI, Universal, Sony and possibly others could be signed on. iTunes already dominates the music industry, but if this proves to be rooted in fact, it could very well take the crown by a mile.
We'll obviously find out if this turns out to be true tomorrow; if it is, will you be buying in? Or are you still using Rhapsody or some other streaming service?