YouTube to Launch Music Streaming Service Later This Year

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According to Fortune, YouTube will launch a subscription music streaming service later this year to compete with the likes of Spotify, Pandora, and Rdio. The service will allow users to listen to music for free, but Fortune reports that a subscription will likely provide ad-free access. “While we don’t comment on rumor or speculation, there are some content creators that think they would benefit from a subscription revenue stream in addition to ads, so we’re looking at that,” YouTube said in a statement.

via Fortune