Apple Completes Music Accords for New Service

Apparently, Apple reached an agreement with Universal Music Group, the largest record label, setting the stage for its new service to let users access song libraries on multiple devices.

The new music service, enabling customers to store their music on Apple’s servers, will be previewed on June 6 by Chief Executive Officer Steve Jobs at Apple’s annual developers conference. Apple’s deal with Vivendi’s Universal Music, whose artists include Lady Gaga and U2, follows agreements with Sony Corp. (6758)’s music unit, Warner Music Group and EMI Group Ltd. By moving the files into the so-called cloud, songs will be available on devices such as the iPhone and iPad without users having to plug in and synchronize the gadgets. Instead, tracks can be streamed from anywhere with a Web connection.