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Google is launching a free music service in a move that pits it against Apple, Pandora and Spotify.
Apple's quick decision to pay artists royalties during the three-month trial of its new streaming service could set it back more than a half billion dollars, or less than a hundred million, a rounding error on the Cupertino, Calif. company's books, analysts said today.
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Spotify isn't going to let Apple walk all over it, and has secured a new investment round to defend its position in the increasingly competitive streaming music sector.
At Google I/O on Wednesday, Google unveiled a streaming music service that will compete directly with the likes of Pandora and Spotify -- in what is said to be a growing market, however.