It seems as if Apple is working really hard on that cloud music locker service. Now, word is that Apple may launch the service earlier than we expected, as the company has already penned down deals with two out of four major record labels and Eddy Cue from Apple will go to New York tomorrow in order to finalize the
remaining record label deals.
Basically, the idea behind this service is that Apple will allow users to to store songs that they have purchased from iTunes as well as songs from their own hard-drives. Users will then be able to stream their saved songs from anywhere in the world, provided that they have an internet connection.
So why having official licenses is better for Apple? Well unlike Amazon's Cloud Player which asks you to upload your own content before you can listen to it, Apple will store a master copy of one single song from a particular label and will allow all users to stream that very song. Meaning the users wouldn't have to upload individual copies of each song that Apple already has the license for. Hence, it'll not only save time for the users, it'll also save Apple considerable amounts of data storage.
More updates on Apple's music service, as they come in. Stay tuned.

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