Here's Why A YouTube Music Service Makes Sense
After signing a deal with thousands of indie labels, YouTube is ready to tackle the music streaming market. Here's why it makes sense.By Mikah Sargent | November 12, 2014
YouTube is one step closer to launching that music subscription service we've been hearing about for more than a year — at least as far back as March of 2013.
It's been a long, winding road of licensing deals and legal negotiations for the streaming video service, but if the reports are correct, we'll be seeing YouTube's take on a music subscription service in the coming weeks.
The Financial Times reports YouTube has signed a licensing deal with rights agency Merlin. It will give the company access to "thousands of independent record labels," including music from Adele, The xx and The Arctic Monkeys. (Video via XL Recordings Limited / Adele)