Tuesday, 12 December, 2017

Google to Launch New YouTube Music Service in March

YouTube to launch a new Spotify rival, codenamed 'Remix', in 2018 YouTube reportedly plans new paid music streaming service
Terence Owen | 08 December, 2017, 07:56

The giants of the industry like Spotify and Apple Music have secured a safe spot, gathering a huge number of subscribers and active users.

YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc.to catch up with rivals Spotify and Apple Inc.

According to Bloomberg, Warner Music Group has already inked a licensing deal for the platform. Vevo, owned by Universal and Sony, distributes music videos for their acts. Google combined both the YouTube Music and Google Play Music teams in February, and Google CEO Sundar Pichai had told investors earlier this year that the company planned to unite its music experiences under one roof.

The new service could help appease record-industry executives who have pushed for more revenue from YouTube. In addition to this, with other companies charging their way through subscriptions, it would be fascinating to see how it positions itself. The service is being called "Remix" internally, but there's no word on what it might be called when it does go live.

Justice League performance leads to huge DC restructure at Warner Bros
Berg is said to be segueing into a role as producer for Warner Bros., working alongside The Lego Movie and It producer Roy Lee . An early version, directed by Zack Snyder, alarmed studio executives with its dark tone.

The platform, codenamed "Remix", will reportedly bring together an on-demand Spotify-like paid audio service with video clips.

YouTube has always been seen as one of the biggest obstacles for musical artists and labels, seeing as it's a go-to site for streaming free music.

Universal, Sony and independent rights group Merlin are believed to be in discussions with YouTube but are yet to sign an agreement.

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