Google to acquire music media companies Catch, Lala

Google may acquire Catch Media, the company that is creating a system through which consumers can us

The Los Angeles-based Catch has already licensed tracks from all four major record labels for its service.

CNET reported that the company wants to be the ATM of digital media. "Catch has developed a technology that helps hardware companies and service providers register, track, route and clear digital media as it moves across different platforms."

Google is also reportedly planning to acquire Lala, the online music streaming and distribution company that Apple acquired in December for $80m.