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"Major labels, music publishers lining up behind Apple's iCloud [Updated]" ["The company plans to eventually charge a subscription fee, about $25 a year, for the service. Apple would also sell advertising around its iCloud service. The agreements, finalized this week, call for Apple to share 70% of any revenue from iCloud's music service with record labels, as well as 12% with music publishers holding the songwriting rights. Apple is expected to keep the remaining 18%, said people knowledgeable with the terms."]
 Los Angeles Times [Free Registration Required] 5:25 PM
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"Apple signs Universal Music to iCloud: Apple has cut a licensing deal with Universal Music Group that will enable the online music store to offer songs from the largest of the four top record companies, sources with knowledge of the talks told CNET." CNET News 2:35 PM
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"Apple's iCloud Triumph: Apple's new online service, iCloud, is destined to beat Google and Amazon, Dan Lyons says, by offering users access to all their files from any device with the ease we've come to expect from Steve Jobs." The Daily Beast 9:57 AM
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"Why Apple Is Negotiating Licensing Deals for Its Cloud Music Service" GigaOM 8:19 AM
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"Deals Move Apple Closer to Streaming Music" New York Times [Free Registration Required] 8:34 PM
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"Apple gains control of iCloud domain" CNET News 8:19 AM
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"Mac Security Threats: How Vulnerable Is Apple?" Time 8:15 AM
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"Apple Execs Are Absolutely Giddy Right Now Says Goldman Sachs" Business Insider 11:10 AM
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"A working class Apple iPhone would disrupt Android, RIM, Nokia" ZDNet 8:18 AM
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"Strong June iPhone sales expected despite no next-gen model from Apple" AppleInsider 8:44 AM
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"Gleacher & Company Pulls Back on 2011 iPhone Estimates" The Mac Observer 11:11 AM
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"Lodsys vs. developers: Can Apple save the day? An obscure company called Lodsys has mobile app developers in its crosshairs, and small software firms must weigh their options" InfoWorld 11:23 AM
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"Lodsys Starts Suing Individual Developers" 148Apps 8:24 AM
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