YouTube surrenders, tackles music streaming market

YouTube has unveiled plans to launch its own subscription-based music streaming service later this year, leaving everyone wondering whether it can compete with music streaming giant Spotify.
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Behind closed doors, Warner Music and Google appear to have struck up a deal that will allow Google to stream music across both its Android music platform, Google Play and YouTube. Although the details are being kept very hush-hush at the moment, it is known that the upcoming streaming service will provide access to millions of songs to those who pay a monthly subscription fee.

‘While we don’t comment on rumour or speculation, there are some content creators that think they would benefit from a subscription revenue stream in addition to ads, so we’re looking at that,’ a YouTube spokesperson told Fortune.

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