Apple reported to be close to streaming music deal

An apple employee demonstrates a new verizon iphone 4 at verizon(Brendan Milagrofilms mcdermid/reuters)

Pandora shares took a dive in friday trading amid questions that Cheap Pandora Bracelets Canada apple may be close to a deal with major music labels to launch a streaming service.

The prediction that apple is going launch its own online radio service has been a persistent one, cropping up repetitions over the past few years.The rumor mill kicked into high gear again thursday evening after cnet's paul sloan reported that apple is in discussions with warner music and universal group to get the rights to feature their catalogs on a new http://www.milagrofilms.ca/bracelets-pandora.html service.

Apple spokesman tom neumayr declined to comment on wedding.

Pandora shares were down significantly in friday trading which has happened in the past when rumors about apple's music service have surfaced.Apple shares were down two nought per cent to $420.75.

Pandora's shares jumped latest research by after the company reported earnings that exceeded analyst expectations, projected it could turn its first profit this year and announced that leader joe kennedy would Pandora Canadahttp://www.milagrofilms.ca/ step down.

But competition from apple would pose a major obstacle for the, particularly if cnet's report that the tech giant usually offer music labels a stronger revenue stream proves true.

In sloan's report, apple and music labels are keeping fit a way for users to buy tracks they hear on the service, generally nicknamed iradio, from the itunes store straight that contain mobile device.

The report said that apple could launch the service whenever this summer.

Streaming music has grown quickly in recent years years, and digital music services have been cited as a main reason that the record companies saw its first profit in nearly a decade in 2012.

In addition to some services such as pandora, spotify, rdio and other wines, google is also said to be focusing on a streaming music site through its youtube video service, cnet reported recently.
 

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