Google says no to digital music
updated 09:25 am EDT, Mon August 7, 2006
Google not selling music
&WTModLocGoogle has no current plans to enter the digital music market and take on Apple's industry leading iTunes, according to Reuters. Following a luke-warm reception to Google's video service, the company executives told a group of music industry veterans. "We are not going to be selling music," Chris Sacca, head of business development for Google, said in an August 3 address to music distributors and merchants. The company was expected to launch a service as early as January according to analysts--including one at Bear Steams who expected the new service to rival iTunes. The speculation hit a fever pitch when Google began offering Sony BMG music videos earlier this year. Sacca stated that the ecosystem of products and integration in the home, car, and on the go is key: "To really grasp this takes a certain amount of humility to look beyond your walls."
Fresh-Faced Recruit
Joined: May 2005
Scared of MS...???
I wouldn't be surprised if they backed out after MS announced their Zune project. Battling against Apple was a formidable task; to go against iTMS, as well as whatever MS tries to put out would require just too much cash for Google to consider it worthwhile.
This is probably better for Apple, having MS as the only serious competitor. I have no doubt they'll have no problem warding off the competition.