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Google (GOOG) to Announce New Music Service, One Box, Next Week

October 21, 2009 2:09 PM EDT
GOOG Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

EPS Growth %: +24.8%
Sources are saying that Google (Nasdaq: GOOG) will officially announce its new music-discovery service, named One Box, sometime next week. The service will offer users track previews, videos and even related news articles when they search for an artist.

As of now, the service includes artists from the world's largest record labels: Vivendi's Universal, Sony Music Entertainment (NYSE: SNE), Warner Music Group (NYSE: WMG) and EMI Group.

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