Amazon (AMZN) is close to signing licensing deals with major studios for its cloud music...

|By:, SA News Editor

Amazon (AMZN) is close to signing licensing deals with major studios for its cloud music service, sources tell CNET. It's claimed Amazon already has deals with Universal, EMI, and Sony Music (SNE), and is in late-stage negotiations with Warner Music. It's believed the deals will allow Amazon, whose Cloud Drive music service wasn't well-received by studios, to offer an iTunes Match-like ability to stream content a user owns without requiring an upload.