Apple's Pushing to Complete Streaming Music Deal Before Event

Just days before Apple Inc. plans to reveal a music streaming service, the company is still negotiating with record labels over terms.

The labels are pushing to get a larger chunk of revenue than they receive under their current deals with Spotify Ltd., a competing streaming service, people familiar with the negotiations said. Both sides want to complete a deal before Apple’s June 8 annual event in San Francisco for more than 5,000 developers, according to the people, who asked not to be named because the talks are continuing.