Rumors about Apple launching a monthly subscription service for iTunes music got renewed today by the New York Post. Apple is supposed to talk with major record labels about an unlimited music streaming service for a monthly fee.
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The iTunes streaming service would offer tiered pricing in the range of $10-$15.
This new rumor comes at the time when Spotify is in the news. Spotify offers an unlimited streaming service in a couple European countries. Apple is seen as one of the road blocks for Spotify to launch in the US.
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I do not know if we will ever see an iTunes music streaming service with a flat fee. It is a tough nut to crack as the major labels still want to make money. An iTunes streaming service would need to have an impact on a broader scale. It would need to stop people from pirating music and motivate them to buy tracks on top of the monthly fee.