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.
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.
Wildfire Reaches San Luis Rey Downs, Attempts Made to Rescue Horses
Cal Fire officials said 20 structures were destroyed and several remain threatened as the fire grows at a risky rate of speed. The homes are burning in the tightly-packed Rancho Monserate Country Club community in the small city of Fallbrook.
'X-Men' Director Bryan Singer Accused Of Raping 17-Year-Old Boy
Sanchez-Guzman states that he was 17 at the time of the party and did not know Singer except that he was a friend of Waters. After he was sacked , Singer said he was unable to make it to the set because he was caring for an ailing parent.
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.