Nov 20, 2014 11:55 AM EST By Russell Westerholm, UniversityHerald Reporter

After Apple bought Beats Music for $3 billion, it was unclear just what they planned to do with the music streaming subscription service, until now.

First reported by the Financial Times, Apple plans to embed the service in its mobile operating system, iOS, in early 2015. Apple remodeled iTunes recently to accommodate for the Pandora-like Internet Radio feature, so a makeover to include the subscription service is certainly within reason.

Steve Jobs famously dismissed music streaming, CNET noted, insisting, "people want to listen to their own music." Now, with Tim Cook at the helm, the market has grown to the point where Apple's acquisition of Beats Music came relatively risk-free.

Apple also bought the company's highly lucrative line of headphones.

With Apple Pay now available for the iPhone 6/6 Plus, the company will have an easy way for their users to pay for the music subscription service, which may get a price drop. According to the New York Times, Apple is working with record labels to alter their current terms and conditions in order to find a way to bring down the monthly charge for customers.

Apple would like to charge $5 a month instead of $10, though unnamed sources told the Times the labels are trying to get Apple to come up a bit. As expected, Apple did not comment on the matter.

The Financial Times reported the new iOS-Beats Music fusion (it does not have an official name) will be available in March, 2015. But of course, Apple will not make any announcements until they have a final product ready to be released.

CNET noted that the Beats acquisition will open up a new stream of revenue for Apple, especially since they also purchased the headphones. Whenever Apple does release its music service, it will need customers to leave Spotify for it, something Pandora users did not do for iTunes Radio.

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