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Google is reportedly in talks with major industry labels to offer its own Spotify, because why not. The company has a market cap nearing the $300 billion mark, and stock price is hovering around $800. Google can do as it pleases.

According to the Financial Times, the search giant has initiated talks with the “major music labels about a possible streaming service,” although it’s unclear when it’ll be available. But the report is confident enough in saying Google will offer a subscription-based model along with ad-supported free unlimited access to songs.

You know who else is reportedly in talks to offer a streaming service? Apple. Exec chats doesn’t automatically mean a service is inbound, though. Which company will be first to offer a music streaming service? Google I/O is in May, so perhaps we’ll find out more information then.

Source CNET