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It looks like Google is not just interested in raking profits from video streaming services alone. According to The New York Times, Google is also getting ready to announce a subscription music service that's akin to Spotify at Google I/O on Wednesday.
Citing sources claiming to possess knowledge of Google's plans, The New York Times adds that the new music service will be connected to Google Play, allowing users to store their digital entertainment collections online.
The Verge is also reporting that Google has already signed licensing deals with Universal Music Group and Sony Music Entertainment - two of the biggest recording companies in the world today. Google declined to comment on the reports.