Apple, indies 'nearing iTunes deal'

[Mac Reporter]

Apple and the independent labels are reportedly closing in on a deal which will enable iTunes Music Store to offer songs from Europe's thriving indie-music sector.

While music industry sources refused to be drawn, The Times today – citing "sources" – reports that "a pact could be announced as early as today".

It is thought that Apple is speaking with key indies in Europe, and that all parties hope the deal, if agreed, may emerge as a template for Apple's future deals with European independents.

Agreeing such a deal would enable Apple to offer key artists such as The White Stripes, Dizzee Rascal, Franz Ferdinand and many more through its iTunes Music Store, ending an impasse that has existed since June 8 – before the service launched in Europe.

The Times says the deal should "ease the concerns of independent record labels", and that they would be "locked into long-term contracts at fixed prices".

Read more at Macworld UK.