Google held a press event for its anticipated music service 'Google Music' last week. Noticeably missing from the event were representatives for Sony Music Entertainment and Warner Music Group. It has been confirmed that Google signed a licensing agreement with the Universal Music Group. However, deals with Sony Music Entertainment and Warner Music Group are yet to be made.

Creating a music service that could compete with iTunes may prove to be impossible if Google does not come to an agreement with two of the world's largest record companies. Negotiaitions with Sony and Warner are set to continue, but have not been going well according to multiple sources.

Read More at news.cnet.com

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