Music industry sources claim Google could launch a music service as early as this fall. CNET writes the new service is expected to offer song downloads and streaming music:
Google CEO Eric Schmidt can already boast some success in music with YouTube. Before three of the four top labels launched Vevo and took control of their videos, YouTube was by far the Web's most successful streaming music service. Zahavah Levine, YouTube's general counsel who previously worked with RealNetworks' Rhapsody music subscription service, has a prominent role in helping to develop Google's new music store, the sources said.
The other piece of Google's music puzzle is software company Simplify Media, which Google acquired earlier this year after kicking the tires on several cloud-based media services. Simplify enabled PC and Mac users to stream songs from their computer-based iTunes or WinAmp libraries to other Web-enabled devices. Vic Gundotra, a Google engineering exec, said during I/O that Google would build Simplify Media's technology into a future version of the Android OS and thereby boost Android's music features.