Facebook is denying a report from Music Ally stating that it has plans to launch a streaming music service in the next few months. A Facebook spokesperson told The Verge, "we have no plans to go into music streaming." Earlier this month we reported that Facebook has been in early talks with music labels about getting more involved with music, but noted that Facebook hasn't decided how that increased involvement will play out. It looks like it won't be a streaming music service.

A source familiar with the matter said the last thing Facebook wants to do right now is take on Apple in a streaming war. Facebook's talks with the major labels are still in the early phases, but sources reiterated Facebook wants to create something unique and unlike any other service currently on the market.