Obsessed with technology?
Subscribe to the latest tech news as well as exciting promotions from us and our partners!
By subscribing, you indicate that you have read & understood the SPH's Privacy Policy and PDPA Statement.
News
News Categories

Billboard: Apple's new music streaming service not ready for release in June

By Cookie Monster - on 7 May 2015, 1:21am

Billboard: Apple's new music streaming service not ready for release in June

 Image source: Fortune

Apple may have plans to take on Spotify and YouTube, but it is racing against time to get its new music streaming service ready for WWDC 2015 next month.

According to music publication Billboard, industry sources claim that Apple lacks the necessary licensing deals to launch its music streaming service in June. While a June launch is still possible, a source told Billboard that the music streaming service is not coming anytime soon. 

The Verge reported yesterday that Apple is willing to go great lengths to take out competitors such as Spotify and YouTube. Apparently, it is pushing major music labels to stop licensing free music and is even willing to pay YouTube's music licensing fee to Universal Music Group if it stops allowing songs on YouTube.

With a cash pile of about US$194 billion, Apple may have what it takes to get everything ready for launch next month. Considering that digital music sales on its iTunes Store continue to decline, it is critical that Apple recovers some of its loss by launching its own music streaming service. 

Source: Billboard via PhoneArena