Microsoft is developing a streaming music service for its Xbox Live network and other platforms, and it may be introduced at the E3 consumer electronics expo in June, a published report said.

The service is currently in development under the code name "Woodstock," according to a report Wednesday by the tech blog The Verge. The blog cited anonymous insiders in reporting that the Woodstock service will be available for devices that support Xbox Live, Windows 8, or Google Android.

The Verge described Woodstock as a "Zune replacement" that's intended to compete with popular subscription streaming sites like Spotify, which currently counts more than 10 million users. "It's not expected to launch until later this year alongside Windows 8 and Windows Phone 8 devices," the blog said. It might also be integrated with Facebook, which is partnering with Microsoft on a number of fronts.

Microsoft representatives were not immediately available for comment.