Apple just beat Spotify US – Reportedly signs Universal Music Group to iCloud
If sourcesfrom Cnetring true, then Apple has just done what Spotify couldn’t in the US — It has signed Universal Music Group to a streaming service. This is doubly important as UMG is the largest of the “big four” record companies and its sub-labels hold some of the highest-desired artists. It appears that Apple will pull its customary 30% from the revenues. The remaining 70 gets broken up between 58% to the labels and 12% to the publishers....