Apple may be signing its first licensing deal with Universal Music Group (UMG) as soon as next week, according to several sources with knowledge of the matter, says The Verge. UMG and Apple are in the final stages of negotiations, and Warner Music is close behind, say those sources. All Apple needs now to complete the licensing for what the media has dubbed iRadio is an agreement with Sony Music Entertainment and other music publishers.
Apple is widely expected to launch a streaming music service later this year, perhaps this summer, with features similar to Pandora, assuming it can get all the licensing squared away for such a service.
