A number of quality music streaming services are currently available on the web. It seems that YouTube may also join the list soon as reports suggest that the video sharing site has plans of launching its very own music streaming service. The service will reportedly be free, although additional features would be offered through paid subscriptions.
The chief strength of YouTube is that it has a huge repository of content that is available on its site. By leveraging this key strength, a YouTube-branded music streaming service can be quite successful. CNN Fortune reports that the streaming service will have a negotiating team and operating unit of its own.
Interestingly, these reports come at the heels of the rumor that Google may soon start offering a music service to Android users. However, the Google Play music offering will be different in its scope since it will essentially allow the Android users to buy, store and access their music collections while on the go.
The YouTube music streaming service, on the other hand, is said to be a free-for-all service which would let users access huge collection of music. Whereas the service itself is free, YouTube may add a subscription fee for such users who wish to access additional, premium features.
While refusing to directly comment on such speculations, a YouTube spokesperson did say this much, “While we don’t comment on rumor or speculation, there are some content creators that think they would benefit from a subscription revenue stream in addition to ads, so we’re looking at that.”
Source: CNN Fortune
Courtesy: iClarified
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