In an interesting tidbit of news today, Facebook has apparently been talking with major record labels. As reported by The Verge, the rumour is that Facebook has been in talks with Sony Music Entertainment, Universal Music Group, and Warner Music Group, the subject of which is "getting into music" of course.

If there really is a "Facebook Music" on the horizon it certainly makes things interesting. With Apple Music in all likelihood set to dominate – battling against the original streaming service, Spotify, and Jay Z's work-in-progress, exclusives-ridden Tidal – this surprise move from Facebook would add extra (and healthy) competition to the market, as well as an extra, refreshing choice for music lovers; not only would it earn them a whole new source of revenue, but would also serve to bolster the social media site as a one-stop-shop for all your socialising and entertainment needs. You'll never want to leave the safety and comfort of your timeline.

Back in 2011 Facebook announced partnerships with 16 different music services, including Spotify, Rhapsody, Deezer and SoundCloud. Knowing this makes the potential for Facebook to do it themselves in the form of their own streaming service, or perhaps an evolution – a new take on the traditional streaming service, with social elements already the crux of Facebook as an online entity – all the more real.

• Related: Go read Chris Taylor's very insightful Apple Music: The 405 Review