TweakTown
Tech content trusted by users in North America and around the world
5,669 Reviews & Articles | 36,039 News Posts

ReportTT: YouTube working on music streaming service

Report: YouTube to launch music streaming service to compete with Spotify, Pandora, others

| Internet & Websites News | Posted: Mar 5, 2013 10:03 pm

A new report by Fortune says that YouTube is working on a music streaming service that will compete directly with competitors such as Spotify. YouTube has long been a source of music, both legally and illegally, so a streaming service is not too far out of the norm for the site.

 

TweakTown image news/2/8/28905_1_reporttt_youtube_working_on_music_streaming_service.jpg

 

The current model relies on advertising revenue generated from showing ads during music videos. A portion of this ad revenue is shared with the label or content owner. A new service would likely continue to rely on these advertisements to offer a free service, though a premium service would likely be offered with an ad-free experience.

 

Fortune cites sources in both the record industry and Google. YouTube's spokesperson said:

 

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.

 

It's not clear what YouTube's service will offer over competing services. It's important that they come up with a unique feature, whether that be price, availability, or something else, that will set them apart from the competition. We'll see where this goes, though you might remain a bit skeptical until more information is known.

NEWS SOURCE
Tech.fortune.cnn.com

Related Tags

Further Reading: Read and find more Internet & Websites news at our Internet & Websites news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below