We heard earlier reports from The Wall Street Journal that Apple is preparing to announce its own radio streaming service to rival competitors such as Pandora and Spotify. Bloomberg is now reporting that Apple is still negotiating a deal with the music industry despite the problems they’ve faced with Sony, and they claim that service will be ready by 2013.
Music executives from companies like Universal Music Group, Warner Music Group Corp, and Sony Corp’s music division recently met with Apple at the company’s Cupertino headquarters to discuss radio plans. Talks are centered in part around how to share ad revenue and a deal could be reached by mid-November, with Apple starting a service within the first three months of 2013
At the moment, it’s not certain how Apple plans to integrate this new service with its current offerings, but we presume it would be integrated within the unreleased iTunes 11.
Via [ Bloomberg]