youtube one billion users

We haven’t heard much about YouTube’s new music streaming service ever since it was first rumored a couple of months back but a new report today suggests that once the service launches it may change how YouTube delivers music to millions of people around the world. Google is said to have signed licensing deals with major as well as some indie labels for the new subscription based ad-free music streaming service, those indie labels that don’t agree to its terms might see their music being blocked on YouTube.com.

In a report published today the Financial Times cites YouTube’s head of content and business operations, Robert Kynci, who says that YouTube will no longer host content from those labels that don’t agree to the new terms “in a matter of days.” That means fans won’t be able to find music from artists signed to those labels, which includes the likes of Arctic Monkeys and Adele, artists with global fan following.

The music streaming market has already been shaking up quite a bit over the past few weeks. From Apple’s acquisition of Beats to Amazon’s new streaming service, everything has happened without a very short span of time.

The new YouTube music streaming service will let subscribers view videos offline, its going to be an ad-free experience, which one would expect after paying a monthly fee. The report doesn’t say when this service is going to be launched but does mention that its going to be tested internationally over the coming days. A release is rumored to take place over the summer.

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