Google reportedly in negotiations with music labels to launch streaming service

Surprise, surprise: Apple isn't the only company that's rumored to be developing a music streaming service. According to Financial Times, Google is working to augment its current download store with a streaming service that could take on the likes of Spotify, Slacker and Nokia Music. The outlet's sources suggest that Google is currently in the negotiation stage with record labels, and that its service would likely feature both paid and free, ad-supported components. Naturally, while this news remains in the realm of rumors for both Apple and Google, it seems that the race is now on for which company is both willing and able to supplement its music store with a streaming service. Anyone care to place bets on which company is first to the starting line?

Filed under: Internet, Google

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Via: CNET

Source: Financial Times