There are several different music subscription services available right now, such as Spotify, Apple Music, Tidal, Google Play Music, Amazon Music, and so on. In fact even YouTube has its own music subscription service, but apparently that’s not enough because in a report from Bloomberg, YouTube might have another music subscription in the works.
Like we said, this isn’t YouTube’s first attempt at creating a music subscription service, but the report from Bloomberg has suggested that the company could be making its third attempt, which is interesting when you consider that Apple Music’s head doesn’t seem to think that music streaming is particularly lucrative.
The report goes on to claim that so far Warner Music Group has signed up to be on board with the new service when it launches, which is apparently set for March 2018. YouTube is also said to be in talks with Sony, Universal, and Merlin who is a consortium that represents various independent labels.
The new service is said to be called YouTube Remix and from Bloomberg’s description, sounds like it could be a mix of YouTube Red and Google Play Music, where it will offer users on-demand streaming for music, as well as access to video clips. It is unclear if this new service will convince customers to sign up, but until it is officially announced do take it with a grain of salt.