Music streaming competition continues to heat up and Microsoft plans to enter the mix with “an expansive Xbox music service joining Spotify-style streaming with download and online-storage functions similar to Apple Inc.’s iTunes,” according to Bloomberg.
Microsoft is in negotiations with major record companies now and plans to launch the service later this year.
“By combining the best features of competing services, Microsoft seeks to build a digital product that lets customers consume music any way they like,” notes the article. “The maker of the Xbox console is building the new music business after its unsuccessful effort with the Zune service, which will close and move customers to Xbox Music, the company said on its website.”
According to “several people with knowledge of the situation,” Xbox Music will offer a streaming subscription service similar to that of Spotify and enable customers to purchase digital music via an online store, similar to the model used by iTunes and Amazon.com.
Sources also say that Microsoft wants to offer Xbox Music users an online locker, from which they can access content from mobile devices running Windows 8.
Music streaming competition continues to heat up and Microsoft plans to enter the mix with “an expansive Xbox music service joining Spotify-style streaming with download and online-storage functions similar to Apple Inc.’s iTunes,” according to Bloomberg.
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