YouTube Will Launch New Music Streaming Service in 2018

Critics call out Google's 'hypocrisy&apos in Amazon spat

Amazon Music Unlimited gives you access to 40 million songs, new worldwide playlists, personalized playlists and stations, new releases, and unlimited ad-free streaming. At the moment, Spotify boasts over 140 million monthly users while Apple Music has over 30 million subscribers.

The new product will have features found in Spotify like on-demand streaming, while also retaining YouTube's video streaming service.

"Alexa for Business brings the Alexa you know and love into the workplace to help all types of workers to be more productive and organized on both personal and shared Echo devices", said Tara Walker of Amazon Web Services in a blog post. They're also in talks with Merlin, a consortium of various independent labels. Previously, Google introduced audio-only streaming service Google Play Music in 2011 and YouTube Music Key in 2014, which was later morphed into YouTube Red in 2016.

You might be able to find music on YouTube, but the company has made a decision to release a dedicated platform only for music streaming. This service offered more benefits to the users, and they were soon put into subscription bundles with Play Music. YouTube has reached out to artists to seek their help in promoting the new service, one of the people said.

According to Bloomberg, YouTube will need to figure out several issues to meet its March 2018 launch date. Not only has YouTube been trying to negotiate new deals with Universal and Sony for more than a year, but it also has a talks with Vevo looming early next year.

Though the music industry had hoped Red would be devoted to music, YouTube has positioned it as a home for original video projects like science-fiction comedy "Lazer Team" and a reboot of "The Karate Kid".

Amazon Music Unlimited is coming to new markets across Europe and Latin America, including Peru, Poland, Portugal, Chile, Colombia, the Netherlands, Sweden, Belgium, Finland, and Uruguay.

Google shares rose 0.5 percent to $1049.70 in early NY trading.

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