YouTube to Launch Paid Streaming Music Service

The Google company will now compete with other music streaming companies such as Spotify, Rhapsody and Apple Inc. Big labels such as Universal Studios Entertainment, Sony Music Entertainment and Warner Music Group have already signed up for the service, which is expected to launch late summer. […] [N]ot everyone is excited about YouTube’s new paid service. Some indie labels that are not willing to pay for the service will be blocked off the channel. Labels such as XL Recordings, with artists including Adele and Arctic Monkeys, have not agreed with YouTube’s terms. In addition, the nonprofit indie music association, Impala, has already filed a complaint on the new service to the European Commission. – Marcia Villavicencio, Liberty Voice