Items tagged with iRadio
Apple's Tim Cook is tasked with finding the next big money maker, and for a time, it looked like an Apple brand television or smart watch might be the company's golden ticket. Not anymore. Forget about those products, because if all goes to plan, streaming music will be the thing that keeps the money flowing through Cupertino like a river after a torrential downpour. Earlier in the week, it was being reported that Apple inked a deal with Warner Music Group that would give the company a 10 percent stake of its upcoming streaming radio service, which we'll go ahead and call iRadio from here on out. Prior to that, Apple had struck a deal with Universal Music Group, leaving Sony as the odd man out...
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Once again, word on the web is that Apple is getting ready to launch a streaming music service, which it could announce at its upcoming Worldwide Developer Conference (WWDC). According to various reports, Apple recently inked a deal with Warner Music Group that would give the company a 10 percent stake, following a similar deal with Universal Music Group several weeks ago. Sony, for the time being, has yet to jump on board. We've heard rumors of Apple launching a streaming music service before, but never ones this specific or this far along in negotiations. Pandora's shareholders certainly believe there's truth to the rumor and have been dumping stock in anticipation of what could be a game changing...
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