In this illustrious world we call the music industry, there are three major labels: Universal Music Group, Sony Music and Warner Music Group. According to All Things D, Apple ha snow signed agreements with all three labels, confirming iRadio streaming on Monday. There were a number of rumors about the pending partnership with one holdout, Sony, but finally Apple has closed the last deal with Sony and now iRadio can finally surface in the next version of iOS. The service is expected to be free and supported by audio iAds, providing more control over what songs you wish to listen to than standard Web radio stations.
“iRadio” may not be the actual name of the service, but has caught on as speculation in Apple’s music streaming plans.
AllThingsD says there may still be small snags, though:
It’s still possible that Apple may have hurdles to clear. As of earlier this week, the company had yet to sign up Sony/ATV, Sony’s music publishing arm.
But the gaps between Sony/ATV and Apple were supposedly smaller than the ones Sony Music and Apple were looking at a few days ago.