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Tag Archives: Worldwide Developers Conference
Leading up to the launch of its new music streaming service iCloud, VentureBeat reports Apple has finally signed all four major U.S. record labels—Universal, EMI, Sony, and Warner—paying out between $100 million and $150 million for their participation. Having finally acquired the rights from Universal, the final holdout, Apple will pay each record label between $25 million and $50 million.
Tech pundits today are bubbling about Apple’s announcement that it will kick off its annual Worldwide Developers Conference (WWDC) June 6 by unveiling its next generation software: Mac OS X Lion and iOS 5, as well as a new cloud service called iCloud which is rumored to be Apple’s cloud service for music.