Reports: Google To Launch Its Own Streaming Service
May 14, 2013 at 3:44 PM (PT)
Multiple news sources are reporting that GOOGLE will introduce a subscription music service to compete against streaming services such as SPOTIFY. The NEW YORK TIMES reports that GOOGLE will introduce the new service on WEDNESDAY at its annual conference for software developers, GOOGLE I/O.
The subscription feature will be connected to GOOGLE’s online media hub, Play, and be incorporated into its download store and "locker" feature. Sources indicate that there will not be a free tier, and while the subscription fee wasn't specified, it's believed to be competitive to what SPOTIFY, RHAPSODY, RDIO and other similar service charge -- about $10 a month.
The service will enable GOOGLE to get a piece of the most rapid growth area in digital music, thanks to the licensing deals it secured with the three major: the UNIVERSAL MUSIC GROUP, SONY MUSIC ENTERTAINMENT and the WARNER MUSIC GROUP. APPLE is also reported to be close to unveiling a PANDORA-like Internet radio service, sluggish negotiations with the labels and publishers have slowed progress on its development.
Adding even more competition in the mix are reports that GOOGLE-owned YOUTUBE -- which recently introduced a few dozen paid video channels -- is negotiating with the labels to develop its own music service.