Time is ticking, and Apple needs to sign a few music deals, as soon as possible, pronto-like even. Why the rush? According to various sources, Apple’s heralded (yet rarely heard) Beats streaming music service is scheduled for relaunch in June.

However, before Captain Tim can sail Apple’s sound dinghy into the black-inked Sea of Profitability, he may need to first navigate through the choppy waters in Regulatory Straits. Complicating the journey, Captain Tim must also avoid eye contact with the twin monsters FTC and EU — creatures famous for turning captains of industry and their carefully crafted ship dates to stone, sending all to the bottom, never to be heard from again.

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