By Darren Franich
Updated May 27, 2011 at 05:34 PM EDT

Social networking giant Facebook is planning a new service that will allow users to share their favorite music and TV shows, according to a report in the New York Times. The proposed system would operate similarly to the site’s photo-sharing mechanic, allowing users to post their favorite music and giving their friends an easy avenue for listening to that music. The company is reportedly in talks with Spotify, a subscription music-streaming service; Facebook founder Mark Zuckerberg also claimed to be courting a deal with Netflix.

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