Microsoft Is Bailing on Music Streaming
Microsoft (NASDAQ: MSFT) has never been a particularly prominent player in the music business. Sure, it had the Zune for about six years, but hardly anyone would consider that product a success; it was discontinued in 2012. In fact, you'd be forgiven if you weren't even aware that Microsoft has operated a music-streaming service for several years.
The software giant launched Xbox Music around the same time that it discontinued the Zune, and the service was rebranded as Groove Music two years ago in an effort to separate it from the Xbox brand and bring the service to Windows 10. Microsoft has now announced that it will be shuttering Groove.
Image source: Microsoft.
Source: Fool.com
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