Google is in negotiations with music labels to launch a streaming service this year which will directly compete with Spotify and Deezer.

That's according to the Financial Times, which indicates that the service will take advatage of Google's mobile footprint via its Android OS.

The FT reports that the plan to launch the platform 'reflects the technology company’s ambition to extend its influence into new business areas and diversify away from advertising, which accounts for 95 per cent of ...