YouTube to Launch Own Music Service
Jun 18, 2014, 10:30 AM by Eric M. Zeman
YouTube is preparing to launch a paid music service in order to compete with similar offerings from Pandora and Spotify. "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," said YouTube in a statement provided to Reuters. YouTube has been criticized by some record labels that claim the company will block their content unless they agree to join the service. Sources cited by Reuters say YouTube has already signed deals with 95% of the labels with which it already works to offer music videos online. YouTube, which is owned by Google, will likely work in conjunction with Google Play All Access, Google's own $10-per-month music service. YouTube's music offering is expected to launch later this year.
|Yes but at what cost?||planethulk||
|because 100's of||andersoncell||
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