WaTunes: Apple Signs Universal For iCloud, More Details Leak

June 3, 2011 at 1:43 pm Leave a comment

Source: Hypebot

<img class="asset asset-image at-xid-6a00d83451b36c69e2014e88d9f2d9970d" title="image from www.google.com” src=”http://www.hypebot.com/.a/6a00d83451b36c69e2014e88d9f2d9970d-120wi&#8221; alt=”image from www.google.com” style=”margin: 0px 5px 5px 0px;” /> Apple has added a deal with Universal to the other three other major label agreements it reached earlier, as it readies an official Monday launch of it's iCloud music service. according to multiple sources.  Major music publishers are also apparently on board, and Apple is in talks to add film and television shows to iCloud. Deals have not been finalized, however, with thousands of indie labels and publishers. More leaked Apple iCloud details:

  • Streaming will not be available at launch, but will be soon.
  • For now at least, iCloud will store only music purchased on iTunes.
  • Cut of the iCloud fee: Labels 58%, Publishers 12%, Apple 30% according to CNet.
  • Universal and Sony had been demanding 60% of the revenue.
  • Apple has offered independent labels 53% of cloud revenue. Some indie label executives tell Billboard that they are pushing for a bigger share.

Entry filed under: Uncategorized.

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