Friday, October 25, 2013

YouTube Wants You To Hear The Music

Youtube has recently been rumored to one day incorporate a music streaming service as well as a video service. It has been said that they will unveil a paid subscription music service of $10 a month that will compete with Spotify, Rhapsody and Rdio. YouTube will tailor the music service to mobile devices. You will still be able to watch videos and will also be ad free. This service will benefit record companies by giving them bigger royalties. YouTube declined comments about the rumors, but sent out a statement: "We're always working on new and better ways for people to enjoy YouTube, content across all screens and on giving partners more opportunities to reach their fans. However, we have nothing to announce at this time."(NY Times)

This was originally rumored by Billboard, which is a major music company. The mobile factor has increased over the past two years from 6 percent traffic to 40 percent traffic. This deal would give them the license they need to covering artists official videos as well as user-generated content. The deal would also help make music on YouTube more organized and easier to find. This is major step for YouTube in the social media world. YouTube is one of the most dominant social media sites in the world. YouTube would definitely cause problems for music streamers such as Spotify, Rdio and Rhapsody because YouTube is one the most frequently used sites. Adding music to an already thriving company would give YouTube even more credibility. This is a great idea for YouTube, and presents a bright future for the company. YouTube will without a doubt be a top competitor in both the music and video business.

Below is the link of the article
http://nyti.ms/16AVWXY

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3 comments:

  1. UnknownOctober 25, 2013 at 4:23 PM

    I think this is a great idea! I definitely look forward to seeing how this will play out since there's so many ways people are downloading music illegally and won't just download on ITunes.

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  2. UnknownOctober 25, 2013 at 8:34 PM

    I think this is a good idea, although I'm confused as to if it will actually work as they know people download illegally and I'm not sure it would really stop people from doing so. It seems like an nice and easy way to connect everything into one though.

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  3. Jack RosenberryOctober 26, 2013 at 9:24 AM

    Going to YouTube for music -- either concert/video clips or songs uploaded as backdrops to still photo slide shows -- is already a common practice, so this makes some sense in that regard

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