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Google's Searching for Just the Right Music Streaming Service

Stocks in this article: GOOG AAPL AMZN


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Google's (GOOG) in the market for a streaming music service, according to a report by the New York Post.

While Apple (AAPL) has scooped up Beats and Amazon (AMZN) is reportedly planning on adding music streaming to Prime, the report said Google has been surveying the landscape and exploring how to offer a similar service. It cited a source who says Google has been having discussions with banks about its future music strategy.

While the report prompts speculation that Google could attempt to scoop up Spotify, it cited concerns that the company, with a $4 billion valuation and 10 million paying customers, could grow too big.

Meanwhile, Google may find itself with an internal rival.  The report said YouTube, which Google owns, is planning to debut subscription streaming service "Music Pass" this October. 

In New York, I'm Brittany Umar for TheStreet.

-- Written by Brittany Umar in New York.

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