Bloomberg: Google in talks with labels to launch subscription music streaming service by Q3

Following a report from the Financial Times last week claiming Google is developing a free music service to compete with Spotify, Bloomberg reported today much of the same details citing “two people with knowledge of the situation.” According to the report from Bloomberg, Google is planning to launch the subscription-based music streaming service by the third quarter and it’s already in talks with record labels:

Negotiations are under way with major record labels to license their music, said the people, who sought anonymity because the talks are confidential. Google, which also owns the YouTube video website, is also discussing renewing deals that cover the use of songs in videos made by consumers, they said.

The report added that sources said the service would work on both Android and devices running another OS.