Watch out Spotify, Rdio, etc — the most popular music service among teens is apparently primed to launch a subscription service later this year: YouTube.
According to Fortune, who spoke to “sources in the record industry and at Google who declined to be named,” YouTube is currently looking to get into the subscription music space with a new service that will have some overlap with Google’s Android music platform, Google Play: Both will have a subscription model that will allow users to listen to tunes for free, or pay for an ad-free experience.
YouTube told the publication: “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.”
We’ll be watching this story as it develops.
Image courtesy of Christian Reed