March 20, 2018

YouTube to launch a new Spotify rival, codenamed 'Remix', in 2018

10 December 2017, 03:45 | Yvette Williams

YouTube is reportedly launching a music streaming service called Remix By Scott Wilson Dec 8 2017

YouTube is reportedly launching a music streaming service called Remix                  By Scott Wilson Dec 8 2017

Whichever brand "Remix" officially adopts in 2018, it looks like to replace Google Play Music, which first launched in 2011.

Spotify, on the other hand, has 'well over' 60 million paid subscribers, with 140 million monthly active users worldwide.

Warner has already reportedly signed on a deal with Warner Music Group.

In order to break into the subscription service game at this stage, YouTube requires the cooperation of the three major labels - Warner, Universal, and Sony.

The big labels are very interested in fixing some dismal royalty payouts.

. The RIAA, however, found that it actually pays closer to $1.50.

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.

Hina Khan asks Priyank Sharma to maintain a distance from her
He clarified after what Divya told him and how his friendship looked with Benafsha Soonawalla to the outside world. Arshi Khan makes nasty comments against Shilpa Shinde, bitches with Hina Khan about Shilpa's failed relationships.

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.

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