Facebook’s Imminent Music Service To Rival iTunes?

Facebook’s Imminent Music Service To Rival iTunes?

GigaOM today reports that, alongside the social network reportedly working on its own HTML5-powered App Store alternative, Facebook may now also be looking to enter the highly lucrative music business. Om Malik claims the social giant could launch such a service later this year, with users of Facebook able to listen to music directly from Facebook.com.

Facebook’s “Music Dashboard” is claimed to be a separate, dedicated page, (much like your profile), boasting the following features:

Music Notifications: here you have notifications that show if your friends have listened to songs recommended by you or on your profile.
Recommended Songs: You can get a list of songs heard and recommended by your friends. You can also play them back by clicking the play icon.
Top Songs from friends.
Top Albums from friends, with cover art.
– Recent listens from your friends.

There’s also something called “Happening Now”, which sounds to be like a social adaptation of “Now Playing” …

– In the upper-right corner there will be a “happening now” ticker that shows what is happening in your social and musical universe, including songs that your friends are playing. There is some talk that this “Happening Now ticker” would show-up all throughout your music experience and not just on the music dashboard.

This page will also carry a complete history of your listening, allowing you friends to see what you’ve been listening to lately, as well as the ability for you and your friends to like songs, browse recommended songs from others, see a list of top songs trending at any particular time, and all of this alongside beautiful album artwork.

Facebook is also rumored to be calling on the services of Spotify (and others), to achieve what is sure to be an iTunes-rivaling service.

Spotify already allows you to share the information about the song that you are listening to on Spotify with your Facebook friends, but the next level of integration is going to be much deeper. And it won’t be just Spotify – my sources tell me that Facebook has been reaching out to other online music services and much of the attention at f8 should be focused on music. Facebook Connect and Facebook Likes are key components of this effort.

All being well, Malik notes, the service should launch this August.

[via 9to5Mac]