BusinessWeek has new details on Apple’s forthcoming cloud music solution.

According to their sources, Apple’s product will have several unique features that will put it far ahead of Amazon and Google’s offerings.

The publication is reporting that Apple’s service will scan a user’s local iTunes library then use the collected information to “mirror” the files online. If a user has a low-quality version of a file, Apple will use a high-quality file online for streaming.

Of course, this type of scanning already takes place — via iTunes Genius.

Users will also be able to upload their own files outright, for tracks that aren’t in the iTunes Music Store.

Also unlike Amazon and Google, Apple is seeking approval from the four major music labels. This is probably because Apple is looking to offer users far more than just dumb online storage with a simple playback interface. Universal is the only major label not onboard, but sources say an agreement is close.

Apple is expected to announce this service at WWDC, just a little under two weeks away. Many believe Apple will charge for the service, with BusinessWeek suggesting the price could be $99/year, bundled with MobileMe’s existing set of features.

Article Via BusinessWeek