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By the end of the year, YouTube, a division of Google, will unveil a paid subscription music service to compete with Spotify and other streaming outlets, according to people briefed on the company’s plans.
Subscriptions to YouTube’s program, at about $10 a month, would be tailored to mobile devices, and let its customers watch videos — or just listen to the music on them — without interruptions from advertising, according to these people, who were not authorized to discuss the service publicly.
The deal would also allow record companies, which have long complained about low per-stream payouts, to reap bigger royalties on YouTube, which has become the dominant listening platform for young people all over the world.
» via New York Times