Apple's new streaming music service arrives next week, report says

Apple may be just days away from showing off its new Spotify competitor — and it almost certainly spells the end of the Beats service Apple purchased for $3 billion last year

The company will unveil a two-tier music streaming service at its World Wide Developers Conference in San Francisco next week, according to a Wall Street Journal report . The streaming platform will roll out as an update to the company's Music app, with an upcoming update to iOS.

Citing "people familiar with the talks," the report claims Apple has been "rushing" to make the service ready and finalize licensing deals with labels. Three of the biggest labels — Sony, Warner Music and Universal Music — have yet to sign off on the service, which could potentially delay the announcement. The Journal calls that eventuality "unlikely." Read more...