Apple Likely to Compete With Subscription Music Services Soon

Apple appears to be looking to create its own subscription-based music service, according to the Wall Street Journal (paywalled article). For years, Apple founder Steve Jobs resisted the subscription, cloud-based music streaming model, saying consumers preferred to own their music. For a long time he was right, but the advent of subscription sites Pandora, Spotify and Rhapsody is changing consumer expectations. The move might also be a reaction to news that the actor Bruce Willis is reportedly…

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