A new report has purportedly uncovered some juicy details about Microsoft's recently-announced Xbox Music initiative: namely that it will attempt to combine Spotify's streaming subscriptions with traditional iTunes-style sales.
According to the Bloomberg Report, Xbox Music will provide monthly and annual subscriptions for music streaming, much like Spotify's current system. However, straight-up sales will also be available, allowing consumers to decide which music they want to own and how to best consume it. Xbox Music will also reportedly feature online storage facilities, known as an "Online Locker," which will make entire playlists (including tracks bought elsewhere) available to multiple Windows 8 devices on the cloud. This will potentially carry a fee of its very own.
However, the report also suggests that Microsoft is still having trouble closing negotiations with several record companies, such as Universal, Sony and EMI, due to a number of rights issues.
Will Xbox Music act as a realistic threat to Spotify and iTunes? So long as it helps kill off Microsoft's noxious Zune brand, we don't actually care.