Around the Net

Google Close To Universal Music Deal

  • Bloomberg, Tuesday, November 15, 2011 2:29 PM

In what would be a boon to its new music service -- and represent serious competition for existing and wannabe music providers -- Google is reportedly close to securing songs from Vivendi SA’s Universal Music Group. “An accord with Universal, the world’s biggest music company, may be signed as early as tomorrow,” reports Bloomberg, citing a source. Google has already sent out invitations for a music event on Wednesday in Los Angeles. As was previously reported by AllThingsD, Google is thought to have already signed a binding agreement with EMI Group.

“Google aims to open a music-download store that allows for copies of songs to be stored online and accessed from multiple devices,” sources tell Bloomberg. The search is also reportedly seeking rights for its Google+ social-network users to share music with each other. Due to privacy concerns, Sony Corp. (6758)’s music unit and Warner Music Group have so far resisted partnering with Google. If Google gets its way, however, its new service could bring together an impressive roster of artists from EMI’s Coldplay and Katy Perry, to Universal Music’s Lady Gaga and Justin Bieber.

 

Read the whole story at Bloomberg »

Next story loading loading..