YouTube has finally made up their mind and they’re going to compete with other music services like Spotify and Apple. They’ve tried a few times before, but this time they’re adding a few wrinkles they haven’t offered in the past. However, with the competition fully entrenched I’m not sure if they can make a splash. Regardless, I’ll give it a free trial when it starts.
YouTube must overcome several hurdles to meet a March target. 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. Vevo, owned by Universal and Sony, distributes music videos for their acts.
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Source: [H]ardOCP – YouTube is Starting Their Own Paid Music Service in March of Next Year