Microsoft's iTunes, Spotify rival Xbox Music out later this year - report

[Administrator]

Microsoft's iTunes and Spotify rival Xbox Music launches later this year, according to a new report.

It features Spotify-style streaming with iTunes-style download and online storage, Bloomberg was told by "several people with knowledge of the situation".

Microsoft is talking with record companies, including Universal, Warner, Sony and EMI, over music rights as we speak, but discussions are not complete. The failed Zune service will migrate its customers over to Xbox Music.

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