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Google Set to Launch Spotify-Style Music Service

Google Inc.'s (GOOG) Android unit is set to launch a paid subscription music-streaming service akin to that of Spotify AB as soon as this week, according to people familiar with the matter.Google on Wednesday is hosting its annual conference for software developers, Google I/O, where it has previewed music-related initiatives in past years and it could unveil the service then, these people said.Google has signed deals with Universal Music Group, Sony Music Entertainment and Warner Music Group to give people unlimited access to certain libraries of their songs for a fee, two of these people said.Google already has an existing music service, which it launched in 2011 and is part of its Google Play digital-media store for devices powered by its Android operating system. The existing 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 pur...

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  1. Warner Music Sets Pricing On Euro, Dollar High Yield Bond

    Warner Music set pricing on a $635 million euro-and dollar-denominated bond, one of the banks managing the deal said Wednesday.On the dollar tranche, price guidance ...

  2. Providence Equity Partners confirms exit from Hulu

    Providence Equity Partners said on Friday it had sold its 10 percent stake in online video site Hulu. The private equity firm's press release followed media reports ...

  3. Sony-led Group Garners EU Nod to Buy EMI Publishing

    A Sony-led consortium won EU approval on Thursday to buy EMI's music publishing business for $2.2 billion, on the condition that it sell the worldwide publishing rig...

  4. EU Opens In-Depth Investigation Into Universal Buy Of EMI

    The European Commission's antitrust arm will look in detail at the proposed acquisition by Vivendi SA's (VIV.FR) Universal Music Group of EMI's recorded music busine...

  5. Why Buy ETFs if They Don't Beat the Market?

    Seana Smith disects the debate over ETFs.

  6. Bill Gates Company Starts Music Service for Pros

    Microsoft Corp co-founder Bill Gates ' privately held Corbis, which provides photos and film video for advertisers, is expanding further into entertainment by launch...

  7. In Defense of Mitt Romney

    The Freedom Fighters analyze why Mitt Romney’s record at Bain seems to be a liability in his quest for the White House.

  8. Occupy Wall Street Marks Two-Month Anniversary

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  9. Report: Citi Near Deals to Sell EMI Music Units

    Citigroup (NYSE:C) is reportedly on the verge of unloading the publishing and recorded-music label businesses of British music company EMI in a pair of deals that co...

  10. EMI sale sweet for one mogul, bittersweet for another

    By Yinka Adegoke and Nadia DamouniThe imminent sale of storied music company EMI Group represents the culmination of a years-long vision quest for one mogul and a bi...

  11. Report: Google Eyes Launching an Online Music Store

    Fresh off blowing away Wall Street ’s third-quarter earnings expectations after Thursday's closing bell, tech titan Google (NASDAQ:GOOG) is reportedly preparing to l...

  12. RIM Near Blackberry Music Service Launch: Sources

    BlackBerry maker Research In Motion is close to rolling out its own music streaming service that will work across its mobile devices, according to four people famili...

  1. Russia's Usmanov knocks steel boss Mittal off top of rich list

    Russian businessman Alisher Usmanov has knocked Lakshmi Mittal off the top of this year's Sunday Times Rich List with a jump in his fortune to 13.3 billion pounds ($...

  2. Analysis : Big Tech tests the waters of the music stream

    Technology giants Apple, Google and Amazon are furiously maneuvering for position in the online music business and looking at ways to make streaming profitable, desp...

  3. Time Inc. To Become Independently Traded Company

    FBN's Dennis Kneale on Time Warner spinning off its Time Inc. magazine division.

  4. Music Sales Post First Gain Since '99

    The music business broke a 12-year losing streak in 2012, posting a small but symbolic 0.3 percent rise in trade revenues to $16.5 billion, figures from the Internat...

  5. Vivendi Confirms EMI Acquisition by UMG With Sale of Parlophone

    French media group Vivendi SA (VIV.FR) said Thursday its subsidiary Universal Music Group, or UMG, has finalized an agreement to sell Parlophone Label Group, a unit ...

  6. RIM's Hopes Riding on BlackBerry 10

    The innovative line of BlackBerry smartphones that Research In Motion Ltd (NASDAQ:RIMM) will formally unveil on Wednesday has already succeeded on one crucial count ...

  7. Report: Apple Speeds Up Online Music Effort

    Taking direct aim at Pandora Media (NYSE:P), Apple (NASDAQ:AAPL) has reportedly accelerated efforts with major music labels to launch an online radio service by earl...

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