Weekly Poll: Would You Leave Your Current Music Service For YouTube's?
- Author: Douglas Reid Dec 10, 2017,
Dec 10, 2017, 2:10
"We believe Google is likely positioning itself to launch a product similar to the Echo Show, bringing together voice and display, and that this type of product will ultimately only be successful if YouTube access is provided", Youssef Squali, a SunTrust Robinson Humphrey analyst, said in a note to clients.
The new product will have features found in Spotify like on-demand streaming, while also retaining YouTube's video streaming service.
YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc.to catch up with rivals Spotify and Apple Inc. YouTube Red, which used to be YouTube Music Key, has a $9.99 a month cost and it's possible that YouTube will try to charge the same amount. And record company executives have been criticizing Google for not being able to monetize and compensate them properly, given that a huge number of YouTube users "listen" to music videos on the service. The project is known as Remix internally, and is due to launch in March 2018. This service was based on subscriptions, and allowed people to stream music. The service focused more on videos than music, however. Reports are saying that one of the big three, Warner Music Group, has already signed up for the service while Google is still in negotiations with the other two, Sony Music Entertainment and Universal Music Group.
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The company has now extended the region of availability of its Amazon Echo and Amazon Music Play to 28 more countries.
While services like Spotify, Apple Music, Pandora, Tidal etc have all reached various levels of success, Google Play Music and YouTube Red have not made huge dents. We can say that its a smart speaker that enables you to go online only by your voice command. If yes, which service do you prefer, and why? Let's see how impressive this new Google's service would be! You can drop out your feedbacks into the comments section as well.