First, it was the Droid, Google’s smartphone that’s becoming stronger and tougher competition for the Apple iPhone. Now, it’s Google Music, Google’s new music download store, and the first real competition to Apple’s iTunes.
Wanting to expand its product line as the new face of social networking and digital technology, Google introduced its own music store, which will sell tracks and full albums. Google Music allows users to store its songs on “cloud accounts”, where friends can have one free listen to any friend’s bought track. Users will also be able to listen to their own music on any device or computer, something Apple iTunes charges $25 per year.
The only obstacle to this new product is that Google has been unable to form a partnership with the Warner Music Group, the third largest major label. However, Google Music is ready to sell $13 million songs, from three of the four major record labels.
This new business venture is one that, I think, will prove to be successful for Google. Apple iTunes, as dominant as it is, is expensive and sometimes difficult. If Google Music is marketed as the new place to buy music, with lower rates and simpler ways to move your own music, this could be hugely popular and profitable. Best case scenario, as it improves and grows, Google Music could have a strong hold in the music downloading industry, becoming strong competition for iTunes and propelling Google even further in the social networking and entertainment industry.
For further reading: http://mediadecoder.blogs.nytimes.com/2011/11/16/google-opens-a-digital-music-store/?src=me&ref=business
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