Oct 11
14
Five months ago, after failing to reach agreements with record labels and publishers, Google launched a cloud based music service that was essentially a cloud based locker service for individuals who already owned music. Prior to launching the scaled down service, Google had negotiated with the music labels for over one year and eventually offered them $100 million for the rights to sell their music. At the time, Jamie Rosenberg, who is in charge of digital content for Google’s Android platform, said the following of the impasse: “Unfortunately, a couple of the major labels were less focused on the innovative vision that we put forward, and more interested in an unreasonable and unsustainable set of business terms.” Now, Google has reportedly re-initiated negotiations with music publishers and copyright holders to obtain the rights to sell music through an online music store that will compete with iTunes.
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Google Music Store to Compete with iTunes in Near Future