Apple has announced they are in the works of launching their own streaming-radio service such as Pandora, which runs in a league of their own. Pandora is the most popular streaming-radio service available for all mobile devices, as well as online.
“Apple has reportedly intensified talks with major music labels regarding an interest in starting an advertising supported streaming-radio competitor to Pandora, by early next year.
In order to challenge Pandora, Apple is seeking licensing deals that allow more flexibility for listeners since Pandora currently relies on a “compulsory license” that limits it’s listeners. Apple is also pushing for earlier access to new releases.
“Radio is a natural step for Apple,” Rich Greenfield, an analyst with BTIG LLC, told Bloomberg. “This helps Apple dominate in cars, where people listen to an average of two hours of radio a day.”
Greenfield went on to add, “If Apple offers a radio product, it will be far superior to anything else on the market. They’re seeking direct licenses to avoid all the restrictions that come with a compulsory license.”” – Via Highsnobiety
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