Global X Management CEO Bruno Del Ama, Graham Fisher’s Joshua Rosner and Bloomberg’s Julie Hyman all take turns commenting on Google’s purchase of startup Songza Media. Here, they speak with Trish Regan on “Street Smart”.
They discuss that it’s certainly not surprising that Google wants to get into the very hot music business. Google has already tried to display Facebook with Google Plus and has had a very hard time doing so. Amazon has already entered this market with streaming music for their Prime subscribers. However, Amazon is only offering music that is six months old. This makes it questionable if Amazon will be a force in this space. Google, of course, is trying to become a real player here and time will tell if it succeeds in doing so.