There are two new developments to report on the streaming music front. First, The Verge is reporting that Apple’s so-called iRadio is moving closer to reality as Cupertino gets closer to signing deals with key players in the music industry.
Meanwhile, AllThingsD suggests that Twitter could unveil their own streaming music app as early as this weekend.
Apple and Universal Music are likely to sign a streaming music deal as early as next week. According to The Verge, a deal with Warner Music is “right behind.” Talks between Apple and the third label, Sony Music Group, “are said to not be as far along.”
It is said that Apple wanted to pay just $0.06 for every 100 songs streamed. However, the music industry balked at that proposal. A report in the New York Post suggests that Apple will likely pay rates “neck and neck” with Pandora. This rate is about double Apple’s original offer.
The blue bird has definitely been spreading its wings in recent months. Following their entry into the photo-editing business, the social network released Vine, which allows users to stream video. Now Twitter Music could make its debut at the Coachella Valley Music and Arts Festival in California.
AllThingsD says of the new service:
Users will be able to listen to clips of music from inside the app, using third-party services like iTunes and SoundCloud; they will also be able to watch music videos provided by Vevo, the music video service owned by Universal Music and Sony.
Originally, it looked like Twitter Music would be unveiled today, April 12. However, later reports suggested that the service won’t debut until later in the weekend.
The Twitter Music website is now live. However, it actually doesn’t do anything at this time.
We’ll keep you updated on both iRadio and Twitter Music. In particular, were Twitter to release a music app into the App Store, you’ll be among the first to know.