It was reported recently by multiple online sources that Facebook was in early talks with labels because apparently it was making a music streaming service of its own. With the online music streaming market as hotly contested as it already is many couldn’t quite figure out why Facebook was planning to do this. Turns out, it’s not.
A spokesperson for Facebook has confirmed to The Verge that “we have no plans to go into music streaming,” this should settle the debate once and for all now regarding Facebook entering or not entering this market.
We did hear many times that Facebook was going through early talks with music labels so it’s possible that the company wasn’t able see any concrete reason for it to enter this market and perhaps that’s why it gave up on these ambitions. One can’t say for sure, it’s merely a presumption.
Obviously this doesn’t mean that Facebook won’t ever try its hand at music streaming. Apparently the company doesn’t want to talk Apple head on in the music streaming market, and it might want to build something that’s not currently available in the market, and that could take considerable time other than just whipping up a rather pedestrian music streaming service.