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YouTube to launch Music Subscriptions

According to Fortune, in addition to the service being tied to Google’s Android music platform, Google is also looking to roll out a music streaming service to capitalize on the power of YouTube.

YouTube is a streaming service already, and Google will offer an ad-free experience for those willing to pay. So the company plans to launch a music subscription service later this year, to allow people to listen to tracks online, and to possibly cut out the ads that precede each video for subscribers.
There is some speculation that while it will be different from Google Play, there will likely be some overlap with the features coming to the Android service.

youtube subscription

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,” YouTube said in a statement to Forbes.

Speculation that Google will start its own subscription music service isn’t new, but this is the first rumor we’ve heard that mentions YouTube as a possible foundation. It looks like YouTube is definitely looking for an alternative business model for 2013, so that they can capitalize on all forms of monetization.

 
 
 
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3 Comments on “YouTube to launch Music Subscriptions”

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