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ibusinesslines.com December 17, 2017


YouTube Is Set To Jump On The Music Streaming Bandwagon

08 December 2017, 07:54 | Jodi Jackson

Tube icon is seen in front of a displayed You Tube logo in this illustration taken

Tube icon is seen in front of a displayed You Tube logo in this illustration taken

According to the report issued by Bloomberg, YouTube is working its way up to introduce its music streaming service similar to Apple Music, Spotify, and others.

It is interesting to note how YouTube will market its service. Now, on the back of the success of Spotify and Apple, they are beginning to recover.

Tentatively called Remix, the platform has already secured rights from Warner Music Group.

Having a streaming music service is all the rage these days for major companies.

The new service, internally referred to as Remix, would include Spotify-like on-demand streaming and would incorporate elements from YouTube, such as video clips, the people said.

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.


YouTube must overcome several hurdles to meet a March target.

Making things a little spicier is the fact that music channel Vevo's contract with YouTube reportedly requires re-negotiation early next year. Music Group. However, it is still in talks with Sony Music Entertainment, Merlin and the Universal Music Group regarding the details of the music streaming service.

Though the music industry had hoped Red would be devoted to music, YouTube has positioned it as a home for original video projects like science-fiction comedy "Lazer Team" and a reboot of "The Karate Kid".

YouTube was not available for comment outside regular business hours.

The Google/Alphabet company is keen to launch "Remix" in March, but is reliant on getting these licensing deals over the line.



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