Reuters: YouTube to debut paid music service

Reuters: YouTube to debut paid music service

With recent criticism that YouTube’s current free video website might block music videos from labels that do not agree to its terms, the Google subsidiary said Tuesday that it plans to launch a paid streaming music service.

YouTube did not comment on the matter, except for stating the service would provide new revenue for the music industry.

“We’re adding subscription-based features for music on YouTube with this in mind – to bring our music partners new revenue streams in addition to the hundreds of millions of dollars YouTube already generates for them each year.”

According to Reuters, who confirmed the long-running rumors, YouTube has partnered with “hundreds of major and independent” music labels for the new service. This news comes after some music trade groups have criticized YouTube’s plans to potentially block the content of certain labels from appearing on YouTube’s “free, ad-supported” website unless they sign deals to participate in the new, subscription streaming music service.

Expected to launch sometime at the end of the summer, the service is said to allow users to listen to music without adds, listen to music offline, listen to an artist’s entire album instead of just individual songs and work in conjunction with the Google Play Music service.

Via: Reuters



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