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Apple reportedly still working to finalize music streaming deals ahead of WWDC

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p class="intro">Apple is reportedly still negotiating terms with music labels over its upcoming streaming service just days before an expected WWDC debut.</p> <p>Days before WWDC (http://www.imore.com/wwdc-2015) kicks off, Apple is still said to be in talks with major music labels over streaming rights, with the revenue split said to be the main point of concern. <!--break--> From Bloomberg (http://www.bloomberg.com/news/articles/2015-06-04/apple-said-to-push-to-complete-streaming-music-deal-before-event):</p>

<p>The labels are pushing to get a larger chunk of revenue than they receive under their current deals with Spotify Ltd., a competing streaming service, people familiar with the negotiations said. Both sides want to complete a deal before Apple's June 8 annual event in San Francisco for more than 5,000 developers, according to the people, who asked not to be named because the talks are continuing.</p>

<p>The report goes on to mention that labels are pushing to take a 60 percent revenue share—5 percent more than they receive from Apple's rival-to-be, Spotify.</p> <p>This isn't the first time we've heard of snags in the negotiation process with music labels. Just last month, a report from Billboard suggested something similar (http://www.imore.com/apple-reportedly-hits-snag-signing-deals-rumored-music-service), but a WWDC debut was still planned for the service. Similarly, Apple was said to originally be targeting a $7.99 per month price for the service, but backed off of that price due to pressure from music labels (http://www.imore.com/apple-reportedly-backs-799-pricing-model-upcoming-subscription-music-service). In any case, it seems that we'll likely still get a look at the service during the WWDC keynote on June 8.</p> <p>Source: Bloomberg (http://www.bloomberg.com/news/articles/2015-06-04/apple-said-to-push-to-complete-streaming-music-deal-before-event)</p> </div></div></div><img width='1' height='1' src='(http://tipb.com.feedsportal.com/c/33998/f/616881/s/46f39ab9/sc/15/mf.gif)' border='0'/><br clear='all'/>

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Source: Apple reportedly still working to finalize music streaming deals ahead of WWDC (http://feedproxy.google.com/~r/TheIphoneBlog/~3/o5nr_WtLe30/story01.htm)