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Ticker Summary (GOOG)

470.69+7.51 (+1.62%)
Open 470.41
High 471.88
Low 468.55
Volume 1,867,584
Market Cap 150.0B
52 Week High 629.51
52 Week Low 433.63
P/E 20.45
F P/E 14.82
EPS 23.02
Dividend N/A
Yield N/A
1 Year Target 619.52

GOOG 470.69 +1.62%

Google has released a new music search service in China to provide music for free to its Chinese users. The new service provides efficient indexing capitalizes for users to access free music available from Top100.cn a site which allows users to download or stream music for free. Users outside of China are block from accessing music. Top100.cn is web site has already struck licensing agreements with over 100 labels and is currently in negotiations with Sony BMG and Warner Music Group. Over 99 percent of all music download in China is pirated. The entire Chinese music market only grossed $76 million last year despite the huge potential market.

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2 years 269 days ago by Tim

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