Last week reports speculated saying that Apple were to bring out a Cloud-Based service, to store your iTunes music on the web. Well just today, Apple have confirmed a signing with Warner Music. This is to be a deal that’ll see the record label’s vast collection of music available in Apple’s new and upcoming streaming iTunes service.
It was also said that two other major labels signed on last week:
According to Kafka’s sources, Apple has already secured deals with two of the big four labels and plans to launch “pretty soon.” The deal would allow Apple to store a single master copy of a track on its servers and then share that track with multiple users. As Kafka describes the service, “The idea is that Apple will let users store songs they’ve purchased from its iTunes store, as well as others songs stored on their hard drives, and listen to them on multiple devices.”
That might leave only one of the major labels left unsigned, or maybe Apple’s already locked down all four but doesn’t want to reveal all just yet.