Microsoft to Offer Online Music Streaming Service

According to the Telegraph, Microsoft is gearing up to launch a music streaming service later this summer,   in what is becoming an increasingly competitive space. Here’s the statement quoted in the article:

Peter Bale, executive producer of MSN, Microsoft’s news and entertainment portal, told The Telegraph exclusively: ““Music is an important area for Microsoft. We are looking at launching a music streaming service imminently. It will be a similar principle to Spotify but we are still examining how the business model will work.”

I’m guessing the recent settlement with Pandora and Internet Radio stations might have opened up the window for this to be given the greenlight.