Thursday, February 28, 2013

Google Initiative for music


From Bloomberg article :
By Andy Fixmer & Brian Womack - Feb 26, 2013

Google plans to start a subscription music-streaming service to challenge Spotify, which targeted for worldwide service start at the third quarter of this year.

Negotiations are under way with major record labels to license their music and discussing renewing deals that cover the use of songs in YouTube.

Spotify lists 5 million paying subscribers and 20 million users of its ad-supported service in 17 countries.

Apple, is also planning a music service that would challenge Spotify in streaming and Pandora Media in Web-based radio.

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