Apple’s (AAPL) long-rumored music-streaming service doesn’t have quite the mythic status as its “iTV,” but it’s certainly a product that we’ve been hearing rumors about for a long time without getting any confirmation of its existence. An unnamed music industry insider tells The Verge that we may not have to wait much longer, however, because Apple is “pushing hard” for an “iRadio” launch sometime this summer. When last we heard about Apple’s would-be Pandora killer, Apple was supposedly bargaining hard with record labels and insisting that it pay half the royalties that Spotify currently pays for the rights to stream music to its listeners.
This article was originally published on BGR.com
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