Google may back away from launching its own music store, new report suggests.
After a year of trying to build its own music store, an iTunes competitor if you may, Google may actual back away from the idea after negotiations with music labels stalled following last min changes in terms by the search giant.
“There’s definitely a problem with the Google music conversations.” said a source familiar to the matter. Another industry source says that Google are reconsidering their music plans altogether. “They’ve gone backwards”, the source said.
According to AllThingsD, the negotiations were going pretty smoothly only till last week, with several label executives confirming that they will strike deals with Google soon. But the search giant’s last minute changes in its terms have held up any negotiations.
Google may now look to offer a similar service as Amazon’s cloud-based locker, which allows users to store tracks in an online server and access them from any device around the world.