Apple rumored to launch Internet radio service in early 2013

Apple

Apple

Apple is rumored to launch its Internet radio service in early 2013, according to a report on Bloomberg. Bloomberg’s Olga Kharif and Andy Fixmer are reporting that Apple has been in talks with multiple partners to ‘take on’ Pandora. Shares of Pandora tanked on the news, of course. Bloomberg is reporting that Apple and ‘major music labels’, including Universal Music Group, Warner Music Group and Sony Corp’s music division have had beetings in recent weeks to learn about Apple’s plans. Those plans include listeners being ”able to buy tracks as music streams or revisit what they’ve heard in auto-generated playlists.” Read the full story at The Next Web.

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Author:

Shelly Palmer

Shelly Palmer is Managing Director, Digital Media Group at Landmark Ventures/ShellyPalmer a technology focused Investment Banking & Advisory practice specializing in M&A, Financings, Strategic Partnerships and Innovation Access. He is Fox 5 New York's On-air Tech Expert and well known for his work on Fox Television's Shelly Palmer Digital Living as well as his daily radio report on United Stations Radio Networks. For more information, visit shellypalmer.com.

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