In the music industry, there are three major labels: Universal Music Group, Warner Music Group and Sony Music. According to Peter Kafka at All Things D, Apple has now signed agreements with all three labels, opening the way to a possible Apple announcement of the iRadio streaming service during the WWDC 2013 Keynote on Monday.
"iRadio" may not be the actual name of the service, but has caught on as speculation has grown about Apple's music streaming plans. Apple still has to sign up Sony/ATV, the music publishing part of Sony, but is apparently quite close in negotiations.
Kafka expects that Apple won't actually launch iRadio on Monday, but will tell developers -- and the rest of us -- about the service. The service is expected to be free and supported by audio iAds, providing more control over what songs you wish to listen to than standard Web radio stations.
If it's announced on Monday, iRadio -- or whatever it's going to be called -- will be a win-win for Apple fans and the major record labels.