A new report is suggesting that Apple is ‘nowhere near’ the point of launching a new online streaming radio service, contrary to recent rumors suggesting otherwise. The report (via CNET) says that Apple has tried to establish a number of deals with major music companies, including Sony Music Entertainment, Universal Music Group and Warner Music Group. However, the company has apparently been less than successful at convincing them about a music streaming services and that agreements are not close to being signed.
The sources for the report suggest that an iRadio service, a term coined to describe Apple’s web music service, is still going to be a long time in development. As such, this new service is likely not going to threaten other streaming companies, like Spotify, Rdio or Pandora, any time soon.
There’s no word on Apple would seek to differentiate their own music streaming service to the successful offerings already available. Perhaps it will be a relatively small addition to the iTunes menu bar (like iTunes Match), or perhaps Apple will be looking launch a significant new standalone service.
But don’t worry too much about the timescale. Remember your iPod nano has an FM radio which, quite honestly, offers some awesome music streaming for free.