Google Inc. is creating an online music store to compete with Apple Inc. and Amazon.com Inc., though the company may open the service without the rights to sell songs from many of the biggest record labels, according to people familiar with the matter.
According to these people, all four of the major music companies have held talks to license their catalogs to Google for the new online store. But only the smallest, Citigroup Inc.’s EMI Group, is close to a deal, they said. EMI’s artists include Katy Perry, Gorillaz and Pink Floyd.
Full Story: Google Plans Online Music Store to Challenge Apple, Amazon