Apple is inching closer to a new streaming music service for iTunes, according to a story at wsj.com.
On Sunday, Apple inked a licensing deal with Warner Music Group for the rights to its recorded music and music publishing, agreeing to terms on the publishing side that other major music publishers have been seeking, according to people familiar with the matter.
Under the deal, Apple will give Warner Music Group's publishing arm 10% of ad revenue—more than twice what Internet radio giant Pandora Media Inc. —pays major music publishers. Warner's terms with Apple could pave the way for other major publishing deals to follow.
Apple has indicated to people involved in the negotiations that the service could be announced at its annual developers conference, which begins June 10 in