– Google (NASD: GOOG) is building an online music service that would provide download and
streaming options and could debut as early as this fall, CNET News.com reported,
citing "multiple music industry sources."
The company’s existing
forays into music include its music video juggernaut, YouTube, as well as the
Vevo joint venture and Music Onebox — which ties streaming options to search
results for music-related topics.
Google also recently acquired Simplify
Media, which offers cloud-based music storage, and said it would build a
similar service for its Android operating system.