Apple’s iCloud Might Only Stream Music Purchased in iTunes

Apple finally agreed to terms with Universal Records, who was the last of the four major labels holding out for their iCloud/iTunes streaming music service.

This gives Apple the streaming rights for a large chunk of songs, which they'll likely use to match whatever tracks a user has in their library. And according to CNET, they've also struck deals with other major distributors, which will give them access to the independent labels as well. [CNET]

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