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Apple close to signing major record labels for its iTunes streaming service

iTunes

The Guardian is this morning reporting that Apple has signed two of the four major music labels – EMI and Warner Music – for its rumoured iTunes digital streaming service.

And there's speculation that Universal Music and Sony Music are close to agreeing terms for Apple's iTunes upgrade too.

Recently Amazon launched its cloud-based music service, Amazon Cloud Drive, in America and Google has unveiled a similar service called Music Beta by Google.

However, neither company managed to sign a license agreement with any of the big record labels, so it appears that Apple may have stolen a march on its rivals.

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Andy Clough

Andy is Global Brand Director of What Hi-Fi? and has been a technology journalist for 30 years. During that time he has covered everything from VHS and Betamax, MiniDisc and DCC to CDi, Laserdisc and 3D TV, and any number of other formats that have come and gone. He loves nothing better than a good old format war. Andy edited several hi-fi and home cinema magazines before relaunching whathifi.com in 2008 and helping turn it into the global success it is today. When not listening to music or watching TV, he spends far too much of his time reading about cars he can't afford to buy.