With major music labels in the bag, Apple may soon launch its own music streaming service.
According to The Economic Times, Apple may unveil its much rumored iCloud muisc streaming service next month at the World Wide Developer Conference (WWDC).
“The Cupertino, California-based gadget-maker is expected to launch a new Web-hosted music service next month, according to multiple reports, after negotiating deals with at least three of the four major record labels.
The service is likely to be presented at Apple’s annual Worldwide Developers Conference, which opens in San Francisco on June 6 and which has been the venue for past launches of high-profile Apple products.”
The news comes after strong rumors suggesting that Apple mas managed to bag major music labels such as EMI, Sony and Warner to provide music for its service. Universal Music Group is the only remaining company on the list that has yet to sign a deal with the Cupertinos.
The WWDC will begin from June 6.