RUMOR: RIM CREATING APPLE TV COMPETITOR

Research In Motion is currently working on a media box codenamed “BlackBerry Cyclone” that will launch later this fall, BlackBerry news site NerdBerry.net reports. The rumored media hub is said to be similar to Apple’s iOS-based Apple TV box, which connects to a television and plays streaming video content from iTunes. The BlackBerry Cyclone’s purported capabilities include Netflix streaming, YouTube streaming and streaming from media devices connected to the same Wi-Fi network. The unit will also reportedly feature an HDMI-out port.

The move would be a peculiar one from RIM, as it does not have an iTunes competitor to speak of and even with the extremely popular multimedia market, the Apple TV has not been an overly successful device for Apple. The Cupertino-based company announced the million-unit milestone for its refreshed Apple TV late last year, but we haven’t heard much about it since that time. RIM is also in the midst of prepping its first QNX-powered smartphone for release in 2012, not to mention seven BlackBerry handsets due to launch later this year,

SPOTIFY LAUNCHES iTUNES COMPETITOR

Companies like Apple and Google are doing their best to put together music products that compete directly with Spotify’s Web-based music streaming product. While reports suggest record labels are making the process as difficult as possible for these giants, Spotify just took the fight to their home turf. The company on Wednesday launched a new music download service that attempts to make Spotify “the only music player you’ll ever need.”

Spotify users can now purchase and download full playlists comprised of any songs from the company’s 9 million-track catalog for as low as £0.50 per song. And as an extra little slap, Spotify’s new feature allows playlists to be synchronized with the iPod classic, iPod nano or iPod shuffle right from within the Spotify desktop app.

Spotify still isn’t available in the U.S., but rumors suggest the company is closer than ever to striking deals with record companies that will allow it to launch its popular service stateside.