socialmedian: Google Music Search: 3 Major Implications for the Music Business

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Google Music Search: 3 Major Implications for the Music Business

Source: Mashable!

Nov 07, 2009

Summary

Last week we reported on Google’s new music discovery features. The Google music search endeavor is partnership between Google, MySpace, Lala, and several others to make music search and discovery a primary feature of the Google experience.

In fact, Google music search does more than just return a few track listings; it offers up audio streaming, one-click purchase options from iLike and Lala, and now even exclusive content from artists.

Google music search has broad implications for the music space, and in this post we’ll explore three of the most significant implications around a music search service powered by Google, and dissect how some of the industry’s current heavy hitters could be in for a wake up call.

1. iTunes: Market Share Will Decline

It’s been a process years in the making, but Apple’s iTunes store, with the help of the ubiquitous iPod and the hot iPhone, has become the destination for not only buying music but also for measuring the success of songs, albums, and artists.