YouTube Plans to Offer Music Subscription Service in 2018
10 December, 2017, 02:37 | Author: Cecelia Webb
Right now there's no rumored price point for the cost if this new service, and there likely won't be until it gets closer to the rumored launch date.
YouTube has not had a successful run like Spotify, which has almost 140 million monthly users or Apple, which has over 30 million subscribers, when it comes to paid music service. In 2011 the company introduced Google Play Music and its subscription-based music streaming service.
Amazon announced today that its Music Unlimited service and the Echo speakers will be available in 28 new countries, primarily from Europe and South America, starting immediately.
When it comes to music streaming services, the names that come to the mind first are Apple Music and Spotify. Vevo, which releases music videos on YouTube is also in talks with the "Remix" team. The new streaming service, which is said to be called Remix, will include Spotify-style on-demand streaming along with YouTube-only elements like video clips.
According to an article by Bloomberg, music executives have been disappointed with meager revenue from YouTube Red. The paid service will be launched in March.
Some other reports also suggest that, YouTube will merge the YouTube Red's subscription with this Remix platform so the users who have subscribed to YouTube Red will be able to explore the platform simultaneously. If yes, which service do you prefer, and why?
According to a popular tech portal, Warner Music Group has already signed up to be a part of the service and YouTube is in talks with two other label giants - Sony Music Entertainment and Universal Music Group. YouTube has been contacting artists for help by promoting the service. The Google Play service will disappear as a result of this launch. This way, YouTube might overcome the criticism accusing it of not offering enough benefits to artists and labels by streaming their music for free, but with ads.
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