As we reported earlier, Apple will be launching its new cloud based storage and streaming service iCloud along with iOS 5 and Mac OS X Lion at the WWDC developer conference scheduled to start from June 6th. While we can only get the information about the charges that Apple is going to consider for the service at the official launch event, there have been some inside info posted on the Los Angeles Times newspaper today. According to the newspaper report, Apple might offer the iCloud service initially free to the customers who buy the music through iTunes as a trail period offer and later on, the Cupertino company would be charging $25 per year for the iCloud service.
LA Times, also reports that Apple would not just be confining to the music streaming as was the case with Amazon Cloud and Google Music Beta but would be streaming TV, movies and videos, on the lines of Netflix and Hulu. Coming to revenue sharing, Apple could keep 18% of the revenue while giving away 70% to the labels and 12% to publishers who hold the songwriting rights. It has also been reported that users can not only access iCloud service (rumored to integrate with the upcoming Mac OS X as well) for iOS devices like iPad / iPod / iPhone or Mac OS but from any computer via web browser.
With WWDC 2011 event around the corner, expect more of these tidbits to surface till we get the full official details at the launch event.
[Via LA Times]