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WATERLOO, Ontario, Canada (
Research In Motion (RIMM) is close to rolling out its own music streaming service that will work across its smartphones, according to reports.
The music service is expected to work with RIM's BlackBerry Messenger, the company's instant-message system, reported
The Wall Street Journal.
RIM is in late-stage negotiations with major music labels
Warner Music and
The new service, BBM Music, is expected to be announced by Sept. 5, according to
Journal said the service could launch as soon as next week.
The new service could help the BlackBerry smartphones compete against
Apple's(AAPL - Get Report) iPhone and phones using
Google's (GOOG - Get Report) Android operating system, the
Analyst Matthew Thornton at Avian Securities told
Reuters he doubted the music service would attract new users but might help RIM keep its existing BlackBerry customers interested. RIM's BlackBerry smartphones have been losng market share in the U.S.
People in the music industry have been told BBM Music will cost significantly less than Spotify or Rhapsody, which both charge $10 a month for unlimited access to music on mobile phones, the
-- Written by Joseph Woelfel
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