Apple is rumored to be planning an event in San Francisco in early September to unveil a new line of products ahead of the holiday season. Update: Engadget confirms that the event will take place September 1.
The company has often held September media events in the past to launch new iPod versions, and this year may be no exception. But Billboard hopes the months-old rumors of an iTunes cloud music service will finally become a reality in one week’s time.
In related news, Bloomberg reports that Apple is preparing to offer 99-cent rentals of TV show episodes with broadcast networks including News Corp.’s Fox. Customers of iTunes can currently “buy” show episodes or full season passes. At the very least, an ad-free, a-la-carte rental service represents an “incremental opportunity” for both Apple and content owners, RBC Capital Markets analyst David Bank tells Bloomberg.
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