Yeah, but that's what he implied.
I didn't imply it, I just wondered. After reading the links, it appears Google is giving the labels an upfront payment for an undisclosed amount. I also noticed you can't actually download your music once it's matched. (I think, I'm not implying it ) So the 320kbps version is never on your system. At least iTunes match allows me to upgrade my music and keep it. I could end iTunes Match right now and still have all my 256kbps AACs forever.
It's the fundamental difference between iTunes and almost any other system. In the end I OWN my music and I don't have to worry about it one day disappearing on me due to change of T&Cs, or a change of mind.
If Google's system takes off, I'm sure the Labels will cry foul about lost revenue and then we'll see what happens. For now it seems the labels think getting the lump sum up front is a good deal, meaning they don't have much faith in the long term income potential like they do with iTunes Match.