YouTube is to come with a music streaming app in mid-2018. The paid service will be launching in March.
As indicated by Bloomberg, YouTube has officially marked an agreement with Warner Music Group and is in a discussion with Sony Music Entertainment, Merlin, and Universal Music Group, and some other independent labels.
The app will enable YouTube to contend better with Apple Music and Spotify. Also, it will give more income to music names that have been pushing for more money from the video site.
The report proposes that YouTube is calling this new service as “Remix”, and it will incorporate an on-demand streaming highlight with YouTube components like video clips, very much like Spotify. YouTube has just been reaching artists for help advancing this new feature.
“Music is very important to Google and we’re evaluating how to bring together our music offerings to deliver the best possible product for our users, music partners and artists. Nothing will change for users today and we’ll provide plenty of notice before any changes are made,” Google said in an announcement to The Verge.
Remix will be the third endeavour at contending against Apple Music and Spotify. In 2011 the company presented Google Play Music and its membership based music streaming. Again in 2014, they declared YouTube Music Key which enables users to stream ad-free music.
As per Bloomberg, YouTube should make sense of a few issues to meet its March 2018 launch date. YouTube has been stuck with its negotiations with Universal and Sony for over a year.