Apple reportedly has all finalized deals with all major labels and publishers in time for WWDC

Monday, June 10, 2013 - 12:15pm

[From Monday's early edition:]

Today's the day -- Apple is widely expected to unveil its long-awaited Internet radio product to developers today at its Worldwide Developers Conference. The service is expected to launch for consumers in September, according to The Wall Street Journal.

Launch of the new service was delayed by negotiations with music labels and publishers, and the final deals weren't finalized until late last week (see RAIN here) (the final publishing holdout, Sony/ATV, has apparently reached an agreement with Apple -- see CNet's reporting here).

The Journal reports that two of the tougher matters to settle were "the point at which Apple must begin sharing ad revenue with the labels and the minimum guarantee it would offer as an insurance policy." There was also disagreement over "whether Apple will have to pay for songs listeners skip — it won't under some deals — and how well it should compensate music publishers."

All Things Digital's Peter Kafka writes today that "If Apple wants to generate real ad money for iRadio, then that means it has to try to crack the market for radio ads. And that is a very, very un-Appley business.... It doesn’t really matter what kind of precision targeting the Internet offers — the bulk of that $14 billion comes from local ad sales," he wrote. "And it’s a slog." Read more from Kafka here.

According to the paper's sources, Apple will pay the labels about half of the ad revenues, with publishers getting only 10% (which is actually more most webcasters and broadcasters pay).

Read more from The Wall Street Journal here.

9/8: Clear Channel launches new customizable iHeartRadio

Friday, December 23, 2011 - 11:00am

Clear Channel launched a Beta version of the new iHeartRadio, which includes the much-anticipated “Pandora-like” Custom Radio service. Simply put, the new iHeartRadio feels like the best effort from a broadcaster yet to take on customizable pureplay webcasters. The service feels well-designed, easy-to-use and cohesive — especially when compared to CBS Radio’s, which struggles to weld together separate services. (read more here)

Clear Channel hosted the iHeartRadio Festival in Las Vegas to promote their new custom radio service. The festival took place Friday and Saturday and included performances from Lady Gaga, Kelly Clarkson, Black Eyed Peas, Bruno Mars, Usher, Jennifer Lopez and more. (read more here)

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