Apple Ready To Launch Cloud Based iTunes Streaming

Apple Ready To Launch Cloud Based iTunes Streaming

Rueters has reported that Apple is all set to roll out a cloud based music service.
No releases date was leaked, although sources claim Apple will beat Google to the punch.

Apple has yet to secure any licensing agreements with the major record labels, although they hope to conclude their negotiations before the streaming service goes live.

Apple Inc has completed work on an online music storage service and is set to launch it ahead of Google Inc, whose own music efforts have stalled, according to several people familiar with both companies’ plans.

Apple’s plans will allow iTunes customers to store their songs on a remote server, and then access them from wherever they have an Internet connection, said two of these people who asked not to be named as the talks are still confidential.

Amazon rolled out their cloud based music service in March.  Their service offers 5GB of free storage, which can be upgraded for a nominal fee. Amazon is in discussions with record labels to secure licensing for “a new, more sophisticated locker service”.

Apple declined to comment on the matter.

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