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Apple's long-awaited music streaming service will have the support of two of at least the four major labels, according to reports.

EMI and Warner Music have apparently signed a deal with San Francisco firm, while Universal and Sony are close to agreeing terms, reports CNet.

The agreement looks set to trump Amazon and Google, who have both launched similar music ventures in recent weeks without the support of major record labels. Both services are currently US-based.

Google executive chairman Eric Schmidt said he believe the disagreement over terms was “obviously” over money.

Apple's streaming service would likely allow users to listen and buy music without it needing to be stored on their phone.