As stated by a new Bloomberg new report, the most famous video company YouTube is going to launch a new music streaming service next year. On the other note, YouTube music streaming seems like walking the path of Spotify.
And the paid service of which we have already been aware – will be launched by the March 2018. Again, the exact Launch schedule for this service is still not clear by the company’s side. The date is what is yet to decide.
Here is the Link to read the Bloomberg report.
The report transcribes the service been named a “Remix” and would offer the service like “Spotify” currently providing such for the users, and It’s assimilating Spotify-like on-demand streaming with the video clips.
Presently, YouTube is in talks with some of the world’s famous record labels including Universal Music Group, Sony Music Entertainment, and Warner Music Group, and the Latter ended conversations should be on board now. Talks are also with Merlin, a consortium of independent labels.