Codebreaker

Facebook to launch a new music service

John Moe Sep 1, 2011

Because if there’s one thing the internet needs is another music service. CNBC was the first to run with this and other outlets are now confirming as well that Facebook will debut its service during the f8 conference that starts on 9/22.

CNBC speculates that Facebook could function more as a portal than a massive streaming service or locker service:

Checks within the music industry suggest that Facebook has not been negotiating to actually become a music retailer itself; instead, it may be creating an environment where third-party music services such as Pandora, Spotify, MOGand others can offer their wares. If that’s the case, rather than threaten existing music services, a Facebook music platform could actually provide a boost in traffic to those that offer free, ad-supported services.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.