YouTube Reportedly Working On A New Service

YouTube-perhaps the largest repository of free music on the planet-plans to introduce a paid music subscription service in March. Not all, however, are optimistic.
The project, named remix internally, may be an attempt to quell tensions with the recording industry. Publishers, labels, and artists alike have long accused YouTube and other services of hurting their profits. To that end, Warner has already signed on to Remix.
Even with the significant resources at YouTube’s disposal, significant challenges stand in the way of Remix’s success. Previous attempts at music subscription services by YouTube’s parent company, Alphabet-Google Play Music and YouTube Key-were lackluster at best.
Key became the equally unthrilling YouTube Red, another subscription play that removes ads from videos and makes available a catalog of highly-produced original content from some of the platform’s best-known creators.
Remix would compete against two overwhelmingly dominant services: Apple Music and Spotify. Further compounding matters, Spotify and Tencent Music Entertaining Group has announced a joint equity arrangement where each company would hold a minority stake in the other, further cementing Spotify’s position as the leading music service available.
Alphabet may have near infinite resources at its disposal, but a string of failures and poor relations with the recording industry make it unlikely Remix-or whatever it’s named in the future-will have an easy time convincing users to abandon the platforms they’re on now.

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