Apple's iRadio Could Blast Competitors Off the Air
Apple may be moving closer to launching a streaming music offering, or "iRadio," as it's known in the rumor mill. The company is reportedly on the verge of striking a deal with two major music labels and has introduced a new sweetener to the negotiations to address a sticking point: the per-stream rate Apple would pay the labels. It's been bandied about that Apple wants to pay just half of what rival service Pandora is paying.
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