/// Apple’s Cloud Music Hang-up [MediaMemo]
Apple has deals with three of the big music labels to license a new cloud music service. And it is in talks to close a deal with holdout Universal Music Group, the world’s biggest music company. But when Apple gets its Universal deal done, it still won’t be ready to launch. That’s because Apple has yet to nail down terms with the big music publishers , who own a separate set of rights. And Steve Jobs will need their sign-off, too. While Apple came to terms with Warner Music and EMI Music weeks ago , and has now struck a deal with Sony Music , industry sources tell me the company doesn’t have agreements with the labels’ associated publishing companies–Warner/Chappell, EMI Music Publishing and Sony/ATV
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