Google Play Music All Access announced at Google I/O

Google's long-rumored music streaming service became a reality today with the announcement of Google Play Music All Access. The company has already cleared licensing deals with all three major labels left standing -- Warner, Universal and Sony -- meaning they'll have millions of songs available upon launch.

Beyond the expected streaming service, All Access will also feature a Pandora-like radio service that allows each individual song to become a radio station with a simple button press. The service will also feature a component called Listen Now, which will highlight new releases and recommendations based on your listening habits. Music from your Google Music locker will also be included.

All Access will require a monthly fee of US$9.99, with no free ad-supported option like competitor Spotify, though anyone who signs up before June 30th will get $2 off the monthly fee.