Electronista

Mobile News   Apple  
updated 12:09 PM EST 12.05.12
No deal near for Apple music streaming service, sources say
Apple is nowhere close to completing a deal with the major record labels for a music streaming service, say music industry sources contacted by CNET. The people say that the terms Apple has been offering for the service, nicknamed "iRadio," have left the labels -- Sony, Warner, and Universal -- unsatisfied. It's believed that even if one side or the other changes its position, it could take a long time to complete agreements.