Will Facebook Launch a Music Service?

In the wake of MySpace’s new music effort, CNET News reports that industry analysts are now turning to Facebook to see how the other social networking giant responds, if at all.

“Now Facebook, despite bouts of indecision, may be leaning toward a plan: The social music service iLike announced Monday that Radio Retaliation, the forthcoming album from electronica duo Thievery Corporation will make its exclusive debut Thursday on its site.”

Still, the report said that according to some music industry sources, Facebook has been notably indecisive about its music plans, “frustrating industry executives who would love to have another major digital outlet for their music, despite their investments in MySpace’s planned music service. It’s gotten so bad that executives at one major recording label call Facebook’s clumsy two-step of initial enthusiasm and meetings that lead nowhere ‘the Facebook dance.’”

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