Reuter site - Apple in talks on fee-based music service: report

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Apple in talks on fee-based music service: report

Fri, Oct 08 08:36 AM EDT

(Reuters) - Apple is in talks with major record labels to provide a subscription-based music service, allowing unlimited access to songs for a monthly fee, the New York Post said, citing unnamed sources.

A few weeks ago, Apple iTunes boss Eddy Cue discussed with music labels how they could implement this plan, the Post said.

The service could have tiered pricing ranging from $10 to $15, depending on much music would be included and how long consumers would be able to access the content, one source told the Post.

Apple could not immediately be reached for comment by Reuters outside regular U.S. business hours.

(Reporting by Mansi Dutta in Bangalore; Editing by Erica Billingham)