YouTube Plans to Launch Spotify-Style Music Service
YouTube is breaking into the subscription music service sometime in the coming months. According to Billboard, who first broke the story, the streaming site has plans to launch a service similar to Spotify, but with an added video component.
The streaming music service will have a free version, and a paid subscription version, which will offer unlimited streaming across a reportedly massive music library. Rumors have surfaced that YouTube’s music service will cost in the neighborhood of $9.99 a month.
Premium access would also allow users to store music offline for later listening (something YouTube is dabbling with on its mobile video app as well), and would remove any ads across all platforms. So basically Spotify, but…nope just Spotify.
I kid. The lynchpin of YouTube’s music streaming dream seems to be that the service will be accessible via every Google product, including Google Glass.
Via Google, YouTube has already locked down licensing deals with major labels, including Warner Music Group, Sony Music Entertainment, and Universal Music Group. Google had previously set these deals up to launch Google music service All Access in May.
It was also reported that the forthcoming music service will launch alongside a newly renovated YouTube app. Both Billboard and The Verge sources has claimed that the music service and app will drop within the year.Tags: google, Sony Music Entertainment, Spotify, streaming music, Universal Music Group, Warner Music Group, youtube