According to Bloomberg, Warner Music Group has already inked a licensing deal for the platform.
Alphabet's YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter. Talks with Sony and Universal, as well as Merlin-which represents hundreds of independent record labels-are apparently underway. Nonetheless, with Spotify having 60 million paying users and Apple about 27 million subscribers YouTube will have a mountain to climb to catch up.
Alphabet no doubt wants a part of the growing music streaming market. This would be the Google-owned company's third attempt to successfully compete with industry-leaders Spotify and Apple.
What do you think of the idea of a YouTube music streaming service? YouTube Red was initially launched with a heavy focus on originals, but YouTube been shifting its marketing to put a bigger emphasis on ad-free YouTube viewing and music streaming in recent months. That morphed into YouTube Red in 2016, letting users watch any video without advertising. It also comes after a raft of sustained criticism from the industry that YouTube does not compensate artists enough for content hosted on the platform.
Turkey's president says NY trial is U.S. conspiracy
USA prosecutors have charged nine people with involvement in the case, although so far only Zarrab and Atilla have been arrested. He said he had a "close relationship" with Suleyman Aslan, who was Halkbank's general manager and Atilla's superior until 2013.
John Lewis Won't Attend Civil Rights Museum Opening Because Trump Is Going
Bernie Thompson, a Mississippi Democrat, also will not attend, and released a joint statement with Lewis on Thursday. Another person not happy about President Trump's visit is Jackson City Councilman Melvin Priester. "No", Moak said.
Two rockets fired on Israel land in Gaza
Israel has struck Gaza Thursday night with warplanes and tanks, according to Israeli army, APA reports quoting Anadolu agency. At around 6:30 pm sirens sounded in the Shaar Hanegev Regional Council in the northwestern Negev.
YouTube must overcome several hurdles to meet a March target.
Making things a little spicier is the fact that music channel Vevo's contract with YouTube reportedly requires re-negotiation early next year.
YouTube was not available for comment outside regular business hours.