Apple reportedly closing deals with music labels for its music streaming service

Rumours about Apple’s music streaming service have just become louder. Apple is reportedly close to inking a deal with Warner Music and Universal Music Group to kickstart a service where you can stream music.Apple has been trying to offer the two record companies a per-stream rate as low as half of what Pandora gives, according to reports that have emerged over the last few weeks. A CNET report now reveals that the music service would offer new revenue streams too. It is being suggested that the service will be connected to iTunes and will also be available on mobile devices. Click here for full story