YouTube ‘Optimistic’ Its Music Streaming Service Will Launch ‘Soon’

The long wait continues for YouTube’s much-discussed music streaming service. CEO Susan Wojcicki told a tech panel on Monday that they’re still “working” on the Google unit’s answer to Spotify, and she declined to say whether the service would launch by year’s end, as previously expected. […] YouTube had originally planned to launch its on-demand music streaming service late last year, but pushed it back because they wanted to “get it right,” an exec told Billboard at the time. Via contracts signed by Google, YouTube has all the necessary licenses with major labels in order to operate a paid service. Wojcicki also revealed that YouTube is considering offering a paid subscription service on its video platform that would give users the option of skipping ads. Hulu offers a paid subscription, but incorporates what it calls a “modest ad load” while watching in order to keep the price below $8 dollars. – Marc Schneider,Billboard
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