Business

Apple reportedly inks deals with major music labels

Apple has sealed multi-year licensing deals with major music labels like𒊎 Universal Music, Sony Music and Warner Music in recent months, on Thursday, citing four people familiar with the matter.

The new contracts, however, do not include an agreement to bundle Apple Music with its television service, the report said, adding that a “super bundle” may be months away.

Apple did not immediate🦂ly rไespond to a request for comment.

The iPhone maker is seeking to bolster its sales with paid subscriptions 𒁏to services such as Apple Music, but it trails top rival Spotify.

Apple has more than 60 million paid music subscribers to Spotify’s 124 million.