YouTube reportedly launching new paid music streaming service in March 2018

Anita Tucker
December 10, 2017

The new product will have features found in Spotify like on-demand streaming, while also retaining YouTube's video streaming service.

This would be the company's third attempt to break into the music streaming market. Eventually, it makes sense for YouTube to launch a music subscription service to cater to the needs of the users. In comparison, Spotify now has 140 million monthly users, 50 million of which are paying for a monthly subscription.

According to the people familiar with the matter, YouTube has already got Warner Music Group - one of the major record labels in the world - on board. It will probably be called Remix, and will bring together all the YouTube Red and Google Play Music subscribers. Moreover, it will provide more revenue to music labels that have been pushing for more money from the video site. Not only has YouTube been trying to negotiate new deals with Universal and Sony for more than a year, but it also has a talks with Vevo looming early next year. The service focused more on videos than music, however. YouTube has already been contacting artists for help promoting the service.

This rollout is part of a massive global push that started over a year ago, TechCrunch reports.

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The company has now extended the region of availability of its Amazon Echo and Amazon Music Play to 28 more countries. If you need some suggestions, feel free to check out our guide to the best music stream services.

As per the report, YouTube will have to overcome various hurdles in order to meet the March 2018 launch date of the music subscription service.

In terms of streaming plans, Amazon Music Unlimited offers users the choice of three plans, the Verge reported. Previously, Google introduced audio-only streaming service Google Play Music in 2011 and YouTube Music Key in 2014, which was later morphed into YouTube Red in 2016. Amazon is a pioneer in cloud services via Amazon Web Services, while Google too has made inroads in cloud computing by leveraging its knowledge in AI (artificial intelligence) and machine learning.

Other reports by My Hot News

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