Facebook scotches rumours of imminent music streaming launch
Facebook has been forced to deny media reports that it is on the cusp of launching its own music streaming service amidst rumours that it may be poised to go head-to-head with Apple Music, Spotify and others.
Rumours first began circulating following a report by Music Ally which claimed Facebook would launch an own-brand service within a matter of months. The social media giant later categorically denied any such thing however; issuing a statement to The Verge which said that it had ‘no plans to go into music streaming’.
Whilst this seemingly closes the door on any surprise launch of such a service any time soon it does not preclude entirely any other music related venture going forward.
Prior speculation has suggested that Facebook may be investigating video as a way to gain a foothold in the sector and it has held talks with record labels Sony Music Entertainment, Universal Music Group and Warner Music Group with a view to implanting some form of tie-up.