Spotify CEO Daniel Ek said the "transaction will allow both companies to benefit from the global growth of music streaming". Unsigned artists earn $1,472 (the monthly minimum wage in the US) after 2.4 million plays.
As of nearly a year ago in November 2016, Youtube Red was only reporting approximately 1.5 million subscribers, a minuscule customer base when compared to other streaming platforms like Spotify, who services, as of this summer, just over 60 million subscribers. To help oversee its music operations, the company hired Cohen past year.
Bloomberg's sources said that YouTube has been attempting to negotiate new deals with Universal and Sony for more than a year.
YouTube didn't immediately respond to a request for comment.
The search giant already owns the world's most successful video-sharing website, but its efforts to expand YouTube's reach have largely failed.
Bloomberg notes that YouTube plans to introduce the music service in March. And given the chaos that is Google, they probably don't know either.
Willie Taggart slated as FSU's new head coach
Can Oregon salvage the Class of 2018? The Ducks are 7-5 this season and play in the Las Vegas Bowl later this month. It hasn't even been a year since Taggart held his introductory press conference at OR , replacing Mark Helfrich.
Arkansas hires SMU's Morris as head coach
He led Lake Travis High School to back-to-back undefeated seasons and state championship in Texas' highest level of competition. A former Oklahoma high school coach believes Chad Morris will win over the Arkansas high school coaches.
Argentina must improve to succeed in Russia - Messi
The mercurial playmaker was aware of Argentina's complications and conceeded that there are better teams in the competition. People want results and, if they don't get results, they want new faces ". "I understand Masche.
Soul Calibur VI Trailer And Release Date 2018
The game is set for a release in 2018, and will be headed to PlayStation, PC (through Steam), and Xbox One . The latest chapter will revisit events from the original Soul Calibur to uncover hidden secrets.
Facebook Launches Messenger for Kids
Marcus tells me he's excited about getting his 8-year-old into the family chat alongside his 14- and 17-year-old children. This will not create a Facebook account for your child or give them access to your Facebook account.