AllThingsD: Apple Has Record Labels For Cloud Streaming [u]

Yesterday, Reuters reported that Apple’s cloud music streaming service is nearing completion, and today Peter Kafka at AllThingsD added further fuel to the fire. According to Kafka, not only is the service almost ready to ship, but Apple has been actively attempting to get streaming rights from the labels, and has scored them already from two of the big four (Universal Music Group, Warner Music Group, Sony and EMI).

This differentiates Apple from Amazon’s attempts, which launched without the labels approval, and caused some consternation because of it.

As much as I love the idea of not physically loading all of my songs on my iPhone, and just streaming them as needed, I can’t help but think what that’ll do to data limits.

Update: CNET says Apple and Time Warner have just inked a deal.