Apple’s iRadio Is On The Way And They Seem To Be Getting The Songs Cheap – Forbes

A streaming radio service from Apple has always seemed to be a logical thing for the company to do. They've got all those users of their hardware, they've got all the relationships with the music companies through iTunes, so why not? There has though been one sticking point. Given that we're now being told that iRadio is on the way it would appear that they've overcome that one problem. The problem being of course, how in heck do we make it profitable? Negotiations between Apple and record companies regarding Apple's rumored 'iRadio' music service are progressing, The Verge reports as one tidbit in a larger article about the music industry in general. OK, so what is said there about those negotiations? Much has been written about Apple's plan to launch a Pandora-esque service this year. Now multiple music industry insiders have told The Verge that significant progress has been made in the talks with two of the top labels: Universal and Warner. One of the sources said "iRadio is coming...

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