According to a report on CNET, the Cupertino-based giant reportedly closed to signing a deal with Warner Music and Universal Music Group which would urges on to make huge wave on its much-rumored streaming music service.
The publication citing sources also revealed that the service reportedly is a free service which will be connected to iTunes and will work on mobile devices. The company is reportedly negotiating for a per-stream rate, while it also offers a cut of audio ads.
Over the top, the report suggests that the deals are not final yet, but it could make its way for signing by next week. The company seems to launch the service in several countries. “Apple is hoping to quickly roll out in up to a dozen territories, according to sources, including the U.K, France, Germany, Australia and Japan,” report author Paul Sloan wrote.