Yahoo discussing music deal

 

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By Stuart Turton

Posted on 25 Jan 2008 at 08:48

Yahoo is eyeing a move into the music business, according to reports.

The search company is reportedly in talks with major music labels to offer an ad-supported music service.

Yahoo is thought to be hammering out a deal to either sell unprotected MP3s or offer them through a streaming service.

The reports suggest Yahoo wants to launch its service this year.

The company will enter a market place dominated by iTunes and packed with strong competitors such as Amazon which recently became the first retailer to offer DRM-free tracks from all four major record labels.

Last.fm, the online radio site, has also signed deals with the record labels to offer an ad-support streaming service.

Yahoo was unavailable for comment at the time of writing.