Business Matters: Disappointing Best Buy Quarter Part of Technology Retail Slide
Business Matters: Disappointing Best Buy Quarter Part of Technology Retail Slide

Big box retailer Best Buy is reportedly eyeing a U.S. launch of a cloud music service it currently operates on the U.K.

According to a report in Bloomberg, the retailer is close to announcing an expansion of the My Music Anywhere service from the U.K. to the States. The service is powered by Catch Media, which is a white-label cloud music service that has all the necessary deals in place with the major labels. It works via an app (Android and BlackBerry only -- no iPhone) that, when installed, allows users to stream music they own from a central server to their mobile phones.

The service is technically available right now, branded as Music Cloud. But Best Buy is expected to make a bit more noise about it in the coming weeks.

Interestingly, Best Buy also owns the Napster music subscription service. No details yet on how the Music Cloud service will interact, if at all, with Napster, or what this move means for Best Buy's overall digital music plans.

The company joins Apple, Google and Amazon in the recent race to the cloud in the States.