The New York Post is reporting that three separate sources have told them Apple is paying the big four music labels between $100-150 million for the rights to distribute their music through the new iCloud service, which is set to debut on Monday. Their sources say that each label will get between $25-50 million depending on the number of tracks iTunes users are storing.
On Tuesday Apple issued a press release stating that Steve Jobs will unveil the iCloud service on June 6. iCloud is widely
