Google to Launch Music-Streaming Service

Google has signed licensing deals with Universal Music Group and Sony Music Entertainment to release a subscription music service that Would compete with fast-growing startup Spotify, according to a report on Tuesday in technology blog.

Google is planning to launch the new service as early as Wednesday at Google I/O, the company's annual conference for software Developers. The subscription feature will be connected to Play, Google's online Media hub, complementing its download store and "locker" feature, Which lets people store their digital entertainment collections online, According to these people, who spoke on the situation of anonymity before Google's Official declaration.

Google already has an existing music service, which it Launched in 2011 and is part of its Google Play digital-media store for the devices Powered by its Android operating system. The obtainable music service only lets People buy individual songs or albums, while the new service is different Because of its unlimited access to libraries of songs and for the Paid-subscription model versus a la carte purchase.

Despite internal financial projections in 2011 that Revenue from the music-buying service would reach more than $2 billion by this Year, according to legal documents unearthed last year, some analysts say the Actual revenue is only a small fraction of that.

Google is said to have licensing deals for the service With the three major record labels: the Universal Music Group, Sony Music Entertainment and the Warner Music Group. Representatives of those labels Declined to comment.

Making matters more problematically, the service to be Unveiled this week is one of two parallel music services being prepared by Separate branches of Google. YouTube, which last week introduced a few dozen Paid video channels, is also said to be developing a music service. The details Of YouTube's service are unclear, but consultation is said to be continuing With music companies.
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