Microsoft Corp. is reportedly planning to launch an Xbox music service that will offer a blend of best features of the rival music services like Spotify and iTunes.
On the condition of anonymity, people familiar with the situation, revealed that the Redmond, Washington-based software giant is pursuing talks with several major record companies to gain the required rights for the music service that will be launched later this year.
According to the people, the software giant is negotiating with Sony Corp.’s music division, Vivendi SA’s Universal Music Group, billionaire Len Blavatnik’s Warner Music Group, all based in New York, and EMI. While Sony Corp.’s music division, Universal Music Group, Warner Music Group are based in New York, Citigroup’s EMI is based in London.
Sources also suggest that Microsoft’s potential Xbox music service will have download and online-storage functions similar to Cupertino-based Apple Inc.’s iTunes.
Microsoft is trying to blend the best features of rival music services to create a digital product that will allow customers enjoy their favorite music any way they wish.
Microsoft’s potential Xbox music service will be successor to the renowned software company’s unsuccessful Zune service.
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