This tidbit from New York Post:

So money after all was that major roadblock Eric Schmidt hinted at during his D9 chat with Walt Mossberg and Kara Swisher…

Asked to explain what happened with the Google Music service which does not scan-and-match users music library and prevents people from downloading files once they’re up in the cloud, Schmidt wouldn’t elaborate beyond saying that Google and labels “couldn’t come to terms”. All is not lost for the search firm, however. Sources tell New York Post that “a Google cloud service could now be in the offing as soon as September”. Nice how record labels leverage their love-and-hate relationship with Apple to have their way. Yesterday LA Times reported that iCloud music streaming would be initially free, with an eventual $25 a year fee following an unspecified trial period.