Google (NASDAQ:GOOG) could be right on its way to competing directly with the other audio-streaming services on internet. Some new agreements hint at the power of the company?s new streaming service, and Google has announced that it will launch the service on the first day of its I/O conference.
People with some knowledge of Google?s dealings said that the company unveil its subscription music service at the conference, which is taking place Wednesday in San Francisco, and they were right.
NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!Google Play Music All Access, announced Wednesday, is Google?s new streaming service that could compete with others like Pandora (NYSE:P). Thanks to licensing deals with Sony?s (NYSE:SNE), Universal?s, and and Time Warner?s (NYSE:TWX) music groups, Google Play Music All Access could start off with the combined strength of the library as well as the strength of the Android operating system.
Source: http://wallstcheatsheet.com/stocks/is-google-the-next-pandora.html/
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