IRadio Deal Almost Complete With Warner And Universal

Apple’s iRadio service may be one of the most commonly rumored services from the Cupertino company in recent memory (not including devices). Just recently, it was rumored that the service would be coming this summer. According to reports today, a deal with Warner is basically done, and Apple will pay about the same amount as paid by Pandora.

Apple is expected to sign its first interner radio licensing agreement with a major record label perhaps as soon as next week, multiple sources with knowledge of the talks have told The Verge…Apple initially offered to pay 6 cents per 100 songs streamed, or about half of what Pandora pays. Now, Apple will pay rates nearly “neck and neck” with Pandora, one of the sources said.

Another source claims that Universal is also near a deal with Apple to bring its music to iRadio soon. Apple plans on releasing iRadio soon, hopefully announcing it at WWDC, and hopes to bring the service to 12 markets initially.

Would you rather stick with Pandora, or switch it up by using iRadio? Leave a comment below and let us know what you think about Apple’s new service!

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