YouTube reportedly plans new paid music streaming service

YouTube to launch a new Spotify rival, codenamed 'Remix', in 2018

Bloomberg notes that YouTube plans to introduce the music service in March.

At the time, the company was planning to launch the new service later this year. Without major label support, a streaming service can not offer proper content to keep users interested.

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

Google's worldwide music boss Lyor Cohen has previously spoken of the possibilities of bringing together Google Play Music's paid service with elements of YouTube.

According to a Bloomberg report, it appears that YouTube will be the surviving brand, with "much of the staff for Google Play Music" folded into the YouTube Music team earlier this year. YouTube has reached out to artists to seek their help in promoting the new service, one of the people said.

According to Bloomberg, the new service is planned to arrive in March and is now being referred to internally as Remix.

YouTube must overcome several hurdles to meet a March target. Vevo, owned by Universal and Sony, distributes music videos for their acts.

The one major advantage YouTube could have over its rivals is a huge catalog of video content to complement its music library.

YouTube hired former Warner Music executive Lyor Cohen a year ago to help oversee its music operations and serve as a liaison to the record business.

Related:

Comments

Latest news

Campo Santo announces In the Valley of Gods
Campo Santo have announced their new game at The Game Awards 2017 and it looks just as, if not more, attractive than Firewatch . From the creators of Firewatch , In the Valley of Gods is a single-player first-person adventure.

Bayonetta 3 Announced As A Nintendo Switch Exclusive
Still, what an incredible get for Nintendo as it heads into the second year of the Switch. Stay tuned for updates as they come our way and for more on The Game Awards 2017.

Bryan Singer Sued For Allegedly Raping 17-Year-Old Boy!
Guzman claims that Singer forced him to perform oral sex on him and that the director then forcibly performed it on Guzman . Besides those two cases, Singer has been the subject of various other sexual misconduct allegations over the years.

IOS HomeKit bug exposed smart locks to unauthorized access
Currently, no information on the vulnerability itself has been given, but the news outlet reported that it was hard to reproduce. The fix temporarily disables remote access to shared users, which will be restored in a software update early next week.

Gary Bettman announces National Hockey League is open to expansion process in Seattle
Also announced Thursday, the Carolina Hurricanes have sold a majority stake in the franchise to Dallas billionaire Tom Dundon. NHL Commissioner Gary Bettman says the league's board of governors agreed to consider an expansion application from Seattle.

Other news