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YOUTUBE AGREE SUBSCRIPTION SERVICE DEAL WITH INDEPENDENT LABELS

YOUTUBE AGREE SUBSCRIPTION SERVICE DEAL WITH INDEPENDENT LABELS

YouTube has signed a deal with independent labels, allowing it to set up a subscription service similar to Spotify.

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YouTube has signed a deal with independent labels, allowing it to set up a subscription service similar to Spotify.

Although no major details of the the negotiations have been revealed, the New York Timesreports that a spokesman for YouTube said “hundreds of major and independent labels are already partnering with us”.

Deals were already in place with major labels and publishers, but talks with smaller labels hit a stumbling block when representative groups claimed the offers being made were not up to scratch.

The new service is expected to give paying users more access to music, including high quality audio and making it possible to save videos offline.

We first heard about the streaming service at the tail-end of last year, before it was reported that independent labels’ music would be blocked if they didn’t sign up.

 

Via: NewYork Times

Via: Mixmag

 

 

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