YouTube rumored to be launching a music subscription service in 2018
- Author: Theresa Obrien Dec 10, 2017,
Dec 10, 2017, 2:55
Amazon Music Unlimited is coming to new markets across Europe and Latin America, including Peru, Poland, Portugal, Chile, Colombia, the Netherlands, Sweden, Belgium, Finland, and Uruguay. Warner Music Group, on the other hand, seems to have already agreed to the deals. Also, the music labels those have been pushing for money from the video streaming site with Youtube's music service. Additionally, you will also be able to stream out that particular music from the YouTube app.
As this wasn't as successful among the users as its competitors, the company tried again with YouTube Music Key in 2014, which turned into YouTube Red in 2016.
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The new service, internally referred to as Remix, would include Spotify-like on-demand streaming and would incorporate elements from YouTube, such as video clips, the people said.
When it comes to music streaming services, the names that come to the mind first are Apple Music and Spotify. Google folded much of the staff for Google Play Music into YouTube earlier this year, and Cohen announced plans to create a new paid service. Music is one of the most popular genres of video on YouTube, which attracts more than a billion users a month. YouTube has been contacting artists for help by promoting the service. Merlin, for instance, which gathers together more independent labels, is also among the negotiators.
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It was reported that YouTube Red only had 1.5 million subscribers a year ago. There's Spotify, Apple Music, Pandora, and even Google's own option, Google Play Music. So there will be more contents to explore at the users' side if you go with this YouTube Music Service in the future.
According to Bloomberg, YouTube will need to figure out several issues to meet its March 2018 launch date. 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.
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At launch, Amazon Music Unlimited will be available at three plan options with prices varying per country.