Reports: iCloud $25/Year, New Time Capsule May Cache Cloud Music in Online Locker
June 3, 2011 10:50 AM
comment(s) - last by
Steve Jobs is expected to showcase iCloud on June 6
Many tech competitors have been releasing cloud-based storage services over the past few months, including
Amazon's Cloud Drive
, which launched in late March and encountered legal troubles with record companies, and
, which was released in early May.
For a while there, many wondered when Apple would join the cloud club. But in late April, rumors started circulating that Apple
bought the domain "iCloud.com"
for $4.5 million, and from there, Apple
met with record labels
and plans to demo the new service this month.
While Apple may be last in line to launch a cloud-based service, it made sure the wait was worth it. What Apple has that others don't is licensing agreements with four major record labels, including Warner Music Group, EMI Music, Sony Music Entertainment and Universal Music. These deals are fit to benefit both Apple and record labels because Apple will have the freedom to offer additional features on its service, and record labels will get a cut of the revenue, which is something they've been fighting for ever since illegal downloading came about. Record labels also hope to show Google and Amazon that Apple will prosper with licensing rights on its side, possibly encouraging the two tech giants to do the same.
According to the
Los Angeles Times
, the annual subscription fee for iCloud will likely be $25. While parts of iCloud could be offered for free for those who purchase Mac OS X 10.7 Lion, the $25 fee for hosting music in the cloud may be a separate service from the free parts.
For every $25 subscription, 70 percent will go to record labels, 12 percent will go to those with the songwriting rights and the last 18 percent will go to Apple. This means that record labels will receive $17.50, those with songwriting rights will get $3 and Apple will receive $4.50 for every iCloud subscription.
Music will be iCloud's main focus for now, but is expected to eventually include movies, TV shows and more at a later time. Many believe it will resemble the content currently hosted by MobileMe.
In other Apple-related news, a new version of the
, which is a wireless network-attached storage device, is currently undergoing testing at Apple. The new device will silently cache software updates for any devices that consistently connect to the Wi-Fi network without user intervention. It will allow iOS or Mac users to install software updates from local caches instead of waiting for a download. In addition, some believe the new Time Capsule will allow the iPhone and iPad to undergo software updates without being tethered to a Mac, and also expect that the new storage device will be tied to the cloud. The release date of the new Time Capsule is currently unknown.
Steve Jobs is
expected to showcase
Mac OS X 10.7 Lion, iCloud and iOS 5 on June 6.
This article is over a month old, voting and posting comments is disabled
RE: So let me get this straight
6/3/2011 12:56:24 PM
I'm a little surprised in Jobs on this one.
"If you mod me down, I will become more insightful than you can possibly imagine." -- Slashdot
Apple to Showcase OS X 10.7 "Lion", iOS 5, and iCloud on June 6
May 31, 2011, 8:58 AM
Apple's iCloud: Deals with Three Major Record Labels, Possible Preview in June
May 27, 2011, 10:15 AM
Google Music Airs: up to 20,000 Songs, Accessible From Any Android, PC
May 10, 2011, 1:20 PM
Report: Apple Buys Domain "iCloud.com" for $4.5 Million
April 28, 2011, 11:22 AM
Report: Amazon Cloud Drive Could be Illegal
March 30, 2011, 10:04 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Most Popular Articles
Say Goodbye to Data Plans - Sprint and T-Mobile offer Unlimited Data
August 22, 2016, 6:12 AM
2 NEW PlayStation 4 Models - Unveiling September 7th
August 23, 2016, 6:23 AM
Uber - Everyone's Autonomous Car Driver?
August 20, 2016, 6:01 AM
iPhones May Get Curved Screens Next Year
August 24, 2016, 6:45 AM
Lenovo vs. Asus vs. HP - Best Laptop Under $500.00
August 19, 2016, 4:00 AM
Latest Blog Posts
Coming Soon - Drones and Airports
Aug 24, 2016, 12:40 PM
SolarCity’s Gigafactory: A Milesone in Emerging Technology by Lily Emamian - 15 August 2016
Aug 15, 2016, 6:30 AM
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information