According to our sources Facebook was searching for an individual to conduct their music services. But the latest news is that after the launch of MySpace Music in the previous month the competition goes on as Facebook is also going to start music online as stated by Mark Zuckerberg.

For a start, Facebook is looking for a music streaming services provider like Imeem, iLike, Lala, Rhapsody etc. As mentioned above they have planned to work with an outside service provider that already has all the licensing required for it along with technology required on streaming services to be integrated comprehensively with Facebook. Among the four possible Facebook Music partners we have analyzed the streaming features each partner is offering and dealing with the labels to see which one Facebook is most likely to partner with for its almost certainly forthcoming music service. (more…)