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Best Buy launches cloud music service

Boy Genius Report just posted that Best Buy was launching their own cloud music service. This service will be competing with Amazon's and Apple's, as well as Google Music.

Best Buy didn't develop their own technology for this service - they're partnering with Catch Media, an Israel-based start-up company.  One interesting note is that Catch Media was strongly rumored to be an acquisition target of Google in Feb 2010.  At the time the deal never materialized.

Why is this interesting? Plainly put, there's life after Google. All the rumored Google acquisitions that don't materialize may well be on the way to their own success.  Of course, we don't know yet whether Best Buy's service will succeed, but it may give Catch Media the opportunity for success on its own.

Details to follow, and results to follow after that.....

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