According to “two people familiar with the matter,” Apple is super close to closing a deal with a couple of major music labels for its own streaming music service, one which is reportedly better than the deal that the labels are getting from rival service, Pandora.
While other reports have Apple “lowballing” the record industry on royalty rates of up to half what Pandora pays, CNET is reporting that new revenue options could make the iRadio deal better for labels in the long run.
Okay, so I was being sarcastic about the clever name. Nevertheless, the joint venture announced by Redbox and Verizon back in February has finally given birth to an official name, and that name is Redbox Instant by Verizon. Together, Verizon and Redbox plan on bringing yet another video on-demand streaming and download service to the market. As long as Verizon doesn’t screw it up with pricing, the Redbox kiosk/streaming combo could be a real winner.