Google Seeking Agreements With Music Labels For MP3 Store
Posted in: Online TV/Music at 14/10/2011 18:38
Google Inc. is seeking agreements with record companies by the end of the month to start a music store that will compete with Apple Inc.'s iTunes, three people with knowledge of the talks said.
Google is seeking permission to sell downloads and to stream purchased music to its customers' devices, said the people, who requested anonymity because discussions are private.
Google Said to Be Planning an MP3 Store
Five months after it introduced a cloud music service with limited capabilities, Google is in negotiations with the major record labels to expand that service and also open an MP3 store that would compete with Apple and Amazon.
According to numerous music executives, Google is eager to open the store in the next several weeks. It would most likely be connected to Google's existing cloud service, Music Beta, which lets people back up their songs on remote servers and stream them to mobile phones and other devices, said these executives, who all spoke on condition of anonymity because the talks were private and continuing.