Apple’s iCloud Details Spilled Ahead Of WWDC Announcement? $25 Annual Subscription?

  • June 2, 2011 9:03 pm

We already know what the upcoming iCloud icon will look like, and now thanks to a new report by the L.A. Times, we might also have a price.

For $25/year, Apple will supposedly provide a digital locker for consumers to upload (and possibly mirror) their entire music library for streaming on any supported devices. Also suggested though not expected to come until a later date are movies, TV show rentals, and other digital content sold through iTunes.

The logistics of the new iCloud service will see music labels taking a full 70% of subscription revenue while music publishers secure 12%. Apple will recover the remaining 18%, or ~$4.50 from every $25 subscription.

What is certain, however, is that Apple literally chased the major music labels and music publishers down to the wire. In the same report as listed above, sources familiar with the matter claim Apple just secured (for a fact) all four major music labels today (Warner Music Group, EMI Music Group, Universal Music Group and Sony Music Entertainment) and will finish the initial iCloud feature set by closing deals with music publishers tomorrow. iCloud is scheduled to be released in four days on June 6th at the annual WWDC conference.

Stay tuned as the details of WWDC will likely continue as the event nears…

[Image Credit]

Source: LA Times

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