New reports say that Apple is close to sign two major labels for its rumored music streaming service.
Apple is supposed to launch iRadio this year to compete against other streaming music services like Spotify and Pandora. The Verge reports that Apple is close to sign its first agreements for iRadio with music labels.
Apple and the Universal Music Group could already sign next week and negotiations with Warner are also almost as far. Apple is supposedly not getting a better deal than Pandora.