Friday 3 June 2011

iCloud costing Apple up to $150m to charm labels?

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Apple’s new iCloud service may cost users $25/year – after a whet-your-appetite free trial – according to the latest rumors, but the company itself has reportedly had to open its wallet a whole lot wider in order to keep the labels happy. As well as what’s said to be between a 58- and 70-percent share of iCloud music revenue, Apple has apparently agreed to between $100m and $150m in advance payments to the big four labels.


That’s based on paying each

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