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YouTube launching music streaming service, Remix

Aiming for a March 2018 start…

YouTube has revealed its intentions to launch a paid music streaming service in early 2018. The Spotify rival is internally being called Remix.

Reports indicate a planned start date of March 2018. YouTube has already secured an agreement with Warner Music Group and is in talks with Sony, Universal, and independent-record labels collective Merlin.

Remix follows Red and Music Key in YouTube’s attempts to further compete with music-streaming platforms. The Remix platform will incorporate certain YouTube elements like video clips.

In November, competitor Spotify acquired cloud-based recording firm Soundtrap. As SoundCloud can attest, thriving in the music streaming space is no easy feat. 

More details via Bloomberg.