The new service will apparently be revealed at the F8 conference in San Francisco

Facebook is rumoured to be launching its own online music service later this month at the F8 conference in San Francisco.

The LA Times is reporting that the service will see Facebook partnering with another online company who will host the music. They quoted Jon Fortt, technology reporter for CNBC, who said:

I’m hearing from someone familiar with the plans that Facebook plans to launch its long-rumoured music service at the F8 conference on September 22. Now, it seems likely that Facebook won’t actually host the music, but will partner with others who do that.

He added:

Facebook has not been negotiating to actually become a music retailer itself; instead, it may be creating an environment where third-party music services such as Pandora, Spotify, MOG and others can offer their wares.

Facebook have so far declined to comment on what Fortt has had to say. Facebook has 750 million users so, whatever the social networking site decides to do, the service would reach a huge number of people.

In July an internet blogger allegedly revealed details of the much anticipated Facebook music service. The Huffington Post reported that a software developer claimed to have unearthed a computing code called Facebook Vibes that links to a music download page.