Major labels giving Apple’s Pandora-like streaming service the cold shoulder

Wednesday, 5 December 2012

Apple (AAPL) is rumored to be preparing a Pandora rival dubbed “iRadio” for launch in 2013, but according to CNET’s Greg Sandoval, the company still doesn’t have any major record companies signed up. Sandoval says that Apple’s rumored service is “not being warmly received” by Sony Music Entertainment, Warner Music Group and Universal Music Group, with his sources telling him “a deal with all the majors is nowhere near to being completed.” In September, The Wall Street Journal reported Apple was in talks with the major record labels on a Pandora (P) competitor and in October, Bloomberg reported that the service was on track for launch within the first three months of 2013. “Even if Apple sweetens its offer or the big labels change their mind tomorrow, these

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