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YouTube to launch music subscription service next year - Bloomberg

YouTube to launch music subscription service next year - Bloomberg
From Reuters - December 7, 2017

(Reuters) - Alphabet Incs (GOOGL.O) 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 (AAPL.O).

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