Apple's iCloud may be free for users when the service launches says a report from the Los Angeles Times. After this introductory period is over, the cloud-based offering could cost a mere $25 per year.
Apple supposedly has the support of all the four major record labels, including Universal which signed on the dotted line this week. Deals with the music publishers should be in place by the end of the week. Apple's deal favors the record labels with 70% of the revenue landing in the pockets of Universal, Warner, EMI and Sony Music Group. Apple will walk away with 18% and the publishers will grab the remaining 12%.
We still don't know what you will get for this $25. Rumors point to a revamp of MobileMe which could include calendar, contact and file syncing. Most everyone expects Apple to finally put its LaLa acquisition to good use and launch an online music streaming service to compete with Amazon Cloud Player and Google Music. [LA Times via Business Insider]
WWDC 2011 Predictions | Here comes iCloud, but what else?
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