It seems the company is also looking to expand the yet-to-be-launched service into an app store, to sell software online at a later point in time.
'Post launch, the JB Hi-Fi NOW digital platform will continue to develop and provide us with opportunities to leverage our existing strong software supplier relationships,' JB Hi-Fi said in a statement.
While pricing for the service is yet to be revealed, according to ZDNet Australia, it's understood the company will charge users via a subscription model.
Currently there's very few music streaming services available in Australia, in spite of a huge increase in the popularity of sites such as Spotify overseas.
Spotify however, said last month that although it'd love to be available in Australia, for now a local launch is not on the cards.
'Spotify's long term aim is to be available in every country,' a Spotify spokesperson said at the time.
'We know just how passionate Australian music fans are but we don't have any immediate plans to launch there.'