Search giant Google is rumoured to be planning to launch its Google Music service as early as Christmas, the New York Post has reported.
Citing sources familiar with the matter, the New York Post claims that Google vice-president and head of its Android development programme, Andy Rubin, is holding "accelerated" talks with the Harry Fox Agency, in a bid to acquire the rights for a sizeable catalogue of online digital music downloads in a Google Music store.
The New York-based music agency manages the distribution of fees to music publishers, and controls the rights to around 27,000 songs. Talks are now believed to be turning to the issues of pricing and how Google's proposed business model will work.
The digital music downloads market is currently dominated by Apple's iTunes service, which holds a 28 per cent market share, followed by Amazon and Walmart with a market share of 12 per cent each.