Apple founder Steve Jobs is reported to have been in talks with all five major labels to secure licenses to current and catalogue records for a new online music service he is launching. Word is heads of agreement have been signed with each record company for the new service, which is likely be geared toward users of Apple's popular iPod MP3 player and iTunes software. The service might just work given that Apple won't be looking to make millions out of the website itself - their interest is in using it to sell their MP3 playing hardware. Although no label has commented on the new service the LA Times reckon it might just launch next month.
Mar 10, 2003
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1 min read
Apple founder planning MP3 site
Steve Jobs is reported to have secured licences from all five major labels for a new online music service tied to iPod.