Twitter is rumored to be preparing for the launch this weekend of its much rumored Twitter Music app.

The microblogging service plans to launch its standalone music app tomorrow, sources familiar with the matter tell AllThingsD. Still other sources say the app will launch during this weekend's Coachella Valley Music and Arts Festival in California, but not necessarily tomorrow.

CNET has contacted Twitter for comment and will update this report when we learn more.

The report comes on the heels of Twitter confirming that it has purchased music discovery service We Are Hunted. CNET reported in March that Twitter had acquired the music discovery service last year and was using its technology to build a standalone music app.

A person familiar with the matter told CNET at the time that the app, to be called Twitter Music, could be released on iOS by the end of March.

Twitter Music is said to suggest artists and songs to listen to based on a variety of signals, and be personalized based on which accounts a user follows on Twitter. Songs are streamed to the app via SoundCloud.

American Idol host Ryan Seacrest confirmed the app's existence in a series of tweets yesterday that indicated he was "lovin" using it.

lovin the app...shows what artists are trending, also has up and coming artists... spinning u now @frankturner — Ryan Seacrest (@RyanSeacrest) April 11, 2013