Rumors of Apple launching a music streaming service similar to Pandora have been floating about for quite a while now, but if the recent rumors are to be believed, the service could be seeing a delay in launch due to negotiations with the major labels stalling. What’s the reason behind this stalling, you ask? Well it seems that Apple does not want to pay the major labels the same royalty rates that Pandora is paying. A report by the New York Post has suggested that Apple has offered labels an initial royalty rate of 6 cents per 100 songs streamed. (more…)
By Ubergizmo. Related articles: Apple Executives Reportedly Met Up With Jimmy Iovine To Talk Music Streaming, Radio Buttons Found On Jailbroken iPad Corroborates iTunes Streaming Service Rumor,
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