Feb. 15, 2012 at 2:27 PM ET
Phone maker HTC, best known for its Android phones, but now slipping behind Apple and Samsung as a top phone maker, may be looking to grow its business by making some noise.
Specifically, the Taiwanese company could be putting together a music streaming service, "according to sources familiar with the company's plans," says GigaOM.
Om Malik writes that:
My sources say that HTC, which last year acquired a substantial stake in Beats Audio, a company started by Jimmy Iovine and Dr. Dre, is said to be working with Iovine, a music industry iconoclast to develop a streaming service that will be offered as a default music client on HTC phones and tablets. My sources say that the company is still working on pricing plans and other details. It has long harbored ambitions of offering a music service on HTC devices, folks familiar with HTC say.
HTC isn't commenting on the report. The streaming business is certainly booming, both for music and video: Verizon recently announced it will start a video streaming service this year with Redbox, and Google may offer its own home entertainment system that would stream music to Google-made speakers.