YouTube Will Launch New Music Streaming Service in 2018

Google Seen Readying Rivals To Apple Music, Amazon Echo Show

Since YouTube is yet to sign up two major music labels, one has to wait and watch if the launch of this new service will take place in March.

According to an article by Bloomberg, music executives have been disappointed with meager revenue from YouTube Red.

Google wants a piece of the pie that Spotify and Apple Music are now enjoying.

Reuters/Lucy NicholsonRemix will be the third attempt by YouTube's parent company Alphabet Inc.at a music streaming service. Google folded much of the staff for Google Play Music into YouTube earlier this year, and Cohen announced plans to create a new paid service.

According to some reports, the new YouTube Music service will be called Remix.

Are you excited about the Echo family and Amazon Music Unlimited coming to your country?

"We believe Google is likely positioning itself to launch a product similar to the Echo Show, bringing together voice and display, and that this type of product will ultimately only be successful if YouTube access is provided", Youssef Squali, a SunTrust Robinson Humphrey analyst, said in a note to clients. Further, you can access the service on the web, iOS, Android, Mac, Windows, Echo devices, and FireTV. YouTube has already been contacting artists for help promoting the service. Standard YouTube attracts over a billion views every month, and the majority of the content digested is music. They're also in talks with Merlin, a consortium of various independent labels.

The release of Remix wasn't such a big surprise, as many rumors were already circulating about it.

Google is eyeing to gain more subscriptions through this all new music service as all the previous music services by the company doesn't sim to be working well as there are very less number of subscribers those channels have got till date. Let's see how impressive this new Google's service would be! After this, the service was rolled out to a few more markets like the U.K., Germany, Austria, and Japan.

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