Apple readies iCloud announcement, could pay over $100 million for music

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Apple readies iCloud announcement, could pay over $100 million for music.

[newsimage]http://static.rankone.nl/images_posts/2011/06/n04QKu.jpg[/newsimage]Apple announced this week that a focal point of its upcoming annual Worldwide Developer Conference on June 6th will be iCloud. Some believe this is the long-rumored, cloud-based iTunes spin-off set to compete with similar offerings from Google and Amazon. New reports lend credence to those expectations and suggest the successful hardware manufacturer could end up handing over more than $100 million to the recording industry in the process.


Read the full article here: [http://www.myce.com/news/apple-readies-icloud-announcement-could-pay-over-100-million-for-music-46180/](http://www.myce.com/news/apple-readies-icloud-announcement-could-pay-over-100-million-for-music-46180/)


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