HP is prepping for a movie and music service for HP Touchpad, pretty much like iTunes to Apple’s product lines, says a report from PreCentral. Those who signed up for email notices about the HP TouchPad were emailed a PowerPoint presentation which included details, notably two models that showcased movies and music, of the HP Music Store and HP Movie Store.

“According to that slide, the TouchPad will come with a music syncing solution built-in that utilizes cloud servers to sync and remotely store your music,” the site wrote. “More than that, it will leverage a ‘smart algorithm’ to ensure that the music the user is most likely to listen to is cached locally on the device. This service will also allow TouchPad owners to stream music that they don’t yet own. There’s also mention that this service will allow you to stream music to HP smartphones, presumably once they too are updated to webOS 3.0 like the TouchPad.”

The TouchPad was first launched by HP at an event back in February but no one was allowed to touch the product. However, the TouchPad’s WebOS 3.0 SDK were seeped out, thus revealing more of the tablet. Surprisingly, the leak failed to make-known the existence of the TouchPad’s music and movie capabilities. The TouchPad is expected to due on June for $499.

Apparently, an online store is imperative for a device manufacturer to rake in more customers. One of the advantages of getting a tablet from Apple is its wide array of applications to offer, as well as the existence of iTunes. Online store is undoubtedly one of the hottest trends like now. A smartphone or tablet isn’t just as cool without online stores to supplement them with applications and other services. Nokia, for example, managed to lure developers to create products around their products. It paid off well for the mobile giant is currently basking in the glory of 5M daily downloads from its 200-million user base. It has an array of 40,000 applications.

HP’s not alone in establishing a name as a movie and music service provider. Google was reported to be priming for a music service, thus, acquiring Canadian music synchronization service, PushLife. And like HP, Google has also suffered from leakage when Android 3.0 Music app accidentally went out, seen by folks from Tech From 10. Google also decided to drop Grooveshark App from the Android Market because of accusations from EMI, Universal Music Group and Warner Music Group of operation technicalities. It’s quite disturbing how Google failed to foresee this possibility when the same thing happened with Apple back in 2009 after being accused by the same companies.

HP is seeking as many ways to tie in the cloud, on the enterprise and consumer level and it has well-positioned itself in the regard. It was rumored to be acquiring Tibco, an enterprise software vendor with a focus on messaging and enterprise social networking.