The rumor comes from Fortune, but Google did not confirm the news, although the company did release the following message: Google said it doesn’t comment rumors, but it is looking into the benefits of a subscription service, besides ads.
The new service will be a competitor for Spotify, the popular music site, where you can listen to music as long as you watch their ads.
YouTube is the first source of listening songs and watching music videos, so this service make sense. Right now the quality of the songs available on the site is not the best and a music subscription service might be another good thing. which will provide better quality.
YouTube is already partner with many music publishers, which gives the company access to over 6 million songs from 35 countries. VEVO is probably the biggest music channel on YouTube, where artists publish their music videos besides their own channels.
According to theVerge, YouTube is entering this market because Google is not making a lot of money with its Google Play and this new service help the company receiving a higher revenue from the music field. On Google Play you can download your favorite songs and maybe a streaming service represents the future in this industry.
It seems that Google is trying to use all the monetization forms available to make YouTube as profitable as it can in 2013.
Would you use a music subscription service from YouTube? Tell us what you think about this.