Facebook will be launching a music service this September. There isn't a lot of information about just what the offering will be or how it'll work and who will have access to the music. Suffice to say, with over 700 million users, it's not likely all of them will be able to sign up for it.
And while I have been very down on Facebook because of its disregard for user privacy and basically pimping them out to the highest bidder, moves like this is good for the average consumer. It provides a competition to the likes of iTunes, Spotify, and other music services.
Imagine if Facebook enables this through all those millions of users who installed a Facebook app on the iPhones, Android devices, and others?
And granted that Facebook is pretty innovative, I like to see something beyond just a straight up subscription model. Again, the launch is in September so we ought to hear something soon. If it's like other services, it'll be a slow rollout.