According to Mashable Google isn’t getting what it needs from the Major Labels.
Delays can be attributed to the reservations of record label executives, who are said to be balking at the idea of a digital locker for storing and streaming music in part because they fear users would use the locker to store and stream pirated tracks. New York Post.
Defining Google’s streaming rights around this locker system seems to be the major sticking point.
This is a relatively common hardship for all cloud-based music services. Even Spotify, the super trendy U.K. freemium music streaming service, may not be faring so well — it was recently reported that the startup lost $26.7 million in 2009. (More at Mashable)
Google Music is going to be the only other major player in cloud music, other than Apple’s iTunes, so any delays can only mean more money and incubation time for the iTunes Cloud, whenever that comes out. Still there is hope that Google Music may launch supah-dupah late in 2010 or first quarter 2011, but judging by the Major Labels’ slow movement, I wouldn’t hold my breath.
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