YouTube to launch music streaming service in 2018
Spotify and Apple Music have monopolized the music streaming industry for many years, bringing in a new form of revenue for artists that contributed towards the recovery of the music industry, which has just begun to grow again after a steady decline. Now another online giant, YouTube, has decided to try and overthrow the two industry leaders, forming a project dubbed as ‘Remix‘, which is due to be launched in March 2018.
YouTube have faced criticism over the years from industry leaders, as despite the main content on the site being music oriented, artists are provided with very little revenue from the service. However, this may be about to change, as YouTube have officially joined forces with the team behind Google Play to attempt to form a streaming service that will take the industry by storm. While specific details about the service are unknown, major label Warner Music Group has already signed up, giving its seal of approval, which will no doubt lead the way for smaller labels to do the same. The service will face heavy competition, and only time will tell if it will be able to compete with Spotify and Apple Music in the coming years.
H/T: EDM Tunes