Apple is closing in on obtaining the necessary agreements with the top four record companies that will enable the company to launch a fully licensed cloud-music service, according to sources with knowledge of the talks.
Warner Music Group already had a deal in place with Apple, music insiders told CNET last month, and now music industry sources have said that Apple has a similar agreement with EMI Music, the smallest of the four record labels.
Sony Music Group and Universal Music Group are said to be close to completing their deals and they could be wrapped up as early as next week, the sources said. The source said it is highly likely the signed contracts will be in Apple's hip pocket next month at the company's Worldwide Developers Conference but whether the company will announce them there is unknown.
Apple will finish behind Amazon and Google in the race to the cloud but the company that gave the world theiPodand iTunes has the freedom to offer an array of features that rivals are prevented from rolling out because of the licensing restrictions, the sources said.
More to come
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