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Tuesday, June 17, 2014
YouTube to Launch Music Service
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YouTube said on Tuesday that it plans to launch a paid streaming music service, after being dragged into a public dispute over royalties that will result in the blockade of some independent artists' music videos.
YouTube sas it has partnered with "hundreds of major and independent" music labels for the new service.
The news comes as some music trade groups have criticized YouTube's plans to potentially block the content of certain labels from appearing on YouTube's website unless they sign deals to participate in the new, subscription streaming music service.
YouTube said that the new service would provide new revenue for the music industry.
"We?re adding subscription-based features for music on YouTube with this in mind - to bring our music partners new revenue streams in addition to the hundreds of millions of dollars YouTube already generates for them each year," YouTube said in a statement.
The YouTube service is expected to launch at the end of the summer and will allow users to listen to music without any ads. USers are expected to be able to listen to music offline also listen to an artist's entire album instead of just individual songs.
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