The LATimes reports that iCloud will initially be offered free but eventually costing users $25/year subscription:
Dubbed iCloud, the service initially will be offered for a free period to people who buy music from Apple’s iTunes digital download store, allowing users to upload their music to Apple’s computers where they can then play from a Web browser or Internet-connected Apple device.
The company plans to eventually charge a subscription fee, about $25 a year, for the service. Apple would also sell advertising around its iCloud service.
We reported eariler that Apple has reached agreements with the four major record labels for their upcoming cloud service.
The agreements, finalized this week, call for Apple to share 30% of any revenue from iCloud’s music service with record labels, as well as 12% with music publishers holding the songwriting rights. Apple is expected to keep the remaining 58%, said people knowledgeable with the terms.
Are you looking forward to iCloud with $25 a year subscription?