YouTube to launch music subscription service next year: Bloomberg

FILE PHOTO: A 3D-printed YouTube icon is seen in front of a displayed YouTube logo in this illustration taken October 25, 2017. REUTERS/Dado Ruvic/Ilustration
FILE PHOTO: The YouTube app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Alphabet Inc's YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter.

Record label Warner Music Group has already signed on while Sony Music Entertainment, Universal Music Group, and Merlin, a consortium of independent labels, are in talks with the video streaming website, Bloomberg said.

The service, internally referred to as Remix according to Bloomberg, will compete with similar offerings from Spotify and Apple Inc .

Google, another Alphabet unit, introduced Google Play Music, a streaming service, in 2011. YouTube launched ad-free, subscription-based YouTube Red in 2016 featuring exclusive video content from popular creators such as Lilly Singh Michael Stevens.

YouTube was not available for comment outside regular business hours.

(Reporting by Uday Sampath in Bengaluru; Editing by Richard Chang)

You may also interested in

Great Lakes no help for a struggling Trump on...

Aug 15, 2016

Donald Trump needs a place to reset the electoral map, and he seems to be looking at the industrial...

NASA: Last month was Earth's hottest in recorded...

Aug 15, 2016

NASA calculates that Earth broiled to its hottest month in recorded history in July

Google's search engine directs voters to the...

Aug 16, 2016

Google is pulling another lever on its influential search engine in an effort to boost voter...

2 injured, fire contained on docked Tahoe paddle...

Aug 17, 2016

Fire ripped through the second deck of a docked tourist cruise boat under repair at Lake Tahoe on...

Ford says it will have a fully autonomous car by...

Aug 17, 2016

Ford Motor Co. intends to have a fully driverless vehicle _ no steering wheel, no pedals _ on the...

The Next Daily is the new generation of online publication, serving you the most recent discoveries made in science and technology on a daily basis. At The Next Daily, we believe in the power of consistent and reliable reporting to inspire and move mankind forward.

Contact us: sales[at]thenextdaily.com