Much is not known about iCloud except that it will allow users to upload music to their Apple computers to then play from a Web browser or Internet-linked Apple devices. Apple is expected to keep the remaining 18 percent,'' according to a blogger with the LA Times. Under the deals signed with major record labels, Apple will share 70 percent of any revenue from iCloud's music service with record labels, as well as 12 percent with music publishers holding the songwriting rights. Warner Music Group, EMI Music Group, Universal Music Group and Sony Music Entertainment are among those which reportedly inked the deals Thursday, according to bloggers.Īpple boss Steve Jobs will unveil iCloud at the annual Apple Worldwide Developers Conference in San Francisco Monday.īloggers say Apple will initially offer iCloud service free to those who buy music from its iTunes digital download centre.
New York: Even before Apple launches iCloud later this week, the Cupertino-based company has signed deals with major records labels for the new music service.
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