Report: Apple Paying Music Labels $100m+ for iCloud

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We'll pay up. Pocket change, my friend, pocket change.




According to the New York Post, Apple is paying music labels somewhere between $100 – $150 million as they prepare to launch iCloud. The report says that Apple is paying between $25 to $50 million to each of the four major labels, which amounts to somewhere between the previously mentioned $100 – $150 million.

It's reported that this is what held Google up for so long as they tried to negotiate with record labels as well. Now, music industry sources say that Google will probably have to pay higher fees if they want their rival service to take off as well.

Apple will be unveiling the service officially on Monday, though it has already been announced.

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