According to the latest from Bloomberg, Apple has secured a deal with Sony Music for licensing of their music collection through their much anticipated iCloud music streaming service for their range of portable devices.
Earlier this week it was reported that Apple had secured licensing deals with EMI Group and Warner Music Group, and that they were close to deals with Sony Music and Universal Music, resulting in speculations that the iCloud service could be launched as early as for the developers conference starting on the 6th June.
Reaching licensing deals with all the major networks could be a competitive advantage for Apple which has fallen behind Google and Amazon in releasing their cloud based music streaming service. The licensing deals means that Apple can offer consumers a wide library of songs to stream, and not just songs that you have purchased and chosen to host on the cloud service of Google (Music Beta) or Amazon CloudPlayer (both of them have not yet reached agreement with music labels).
The iCloud service from Apple could end up being part of the coming iOS 5, which will be the latest version of the operating system for Apple devices.
It is also rumored that Apple is in the final stages of reaching an agreement with Universal Music, the largest of the music labels.