A breaking report from All Things D claims that Apple has finally concluded negotiations and has reached an 11th hour agreement with Sony regarding music licensing, clearing the way for Apple’s iRadio service to launch with content from each of the world’s largest record labels.
The new service, which follows a similar announcement from Google back in May, will be funded via advertising and will allow users to create and listen to playlists, to skip and rewind songs and to click through to iTunes to purchase songs that they’ve heard and want to own.
Apple’s internet radio serivce, which the tech press has dubbed “iRadio” since September, was meant to be the iPhone 5’s killer feature, but instead has been caught up in ongoing negotiations with major music labels that felt Apple was not offering them sufficient financial compensation for licensing their songs. At the end of May, reports surfaced that Apple had secured deals with Universal and Warner and that, because only Sony had failed to agree to terms, would go ahead with a launch at Monday’s World Wide Developers Conference.
However, with Sony finally on board, the service will now offer an extensive back catalog of music when it makes its debut as part of Apple’s keynote address at the start of the five-day, annual conference.
Apple is also expected to debut new versions of its desktop and mobile operating systems and an updated range of notebook and professional computers at the same event.