It has been rumored that Apple is planning to
announce the online radio service which will compete with Pandora (P) . The
wall street Joumal made up the rumors saying that Apple was starting
conversation with many music labels so that offer this new service. The related
news reported that Apple and Sony, the world's largest music producing company,
could not to reach an agreement in terms of licensing fees.
However, rumors reveals that the effort for
the music service is the main reason cause the delayed of new iPhone 5.
Currently Bloomberg is now reporting that talks with big music labels have
strengthened and agreement would be reached in mid-November. Talks rumored to
be put emphasis on how to deal with the revenue and if the deal is made Apple
could announce the service within the first three months of 2013. Shares of
music streaming site pandora about fifteen percent according to the report.
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