Apple's iRadio Hampered by Royalties Negotiations

Sony is holding out as launch date approaches

Apple's iRadio talks have been hampered by royalties negotiations, Forbes reported.

Set to launch this summer, Apple's iRadio will be a service similar to Pandora, but with more features such as a purchasing button and the ability to fast-forward and rewind tracks. Apple struck a licensing deal with Universal Music Group on Thursday but is still in negotiations with Warner Music Group and Sony. The Financial Times said that Sony, which is balking at Apple's proposed royalties rate, could hold up the launch of the music-streaming service.

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