Apple is negotiating with two major music labels on a plan to create a streaming service that would pay a smaller royalty fee than Pandora does but would make it easy for listeners to quickly buy songs they hear, Paul Sloan writes, citing anonymous sources. Negotiations with Warner Music and Universal Music Group are close to being wrapped up, Sloan writes, although "Apple still needs to get Sony Music Group on board, as well as the music publishers."

Full Story:

Related Summaries