Music subscription from YouTube?
GOOGLE'S YouTube is poised to start a music subscription service that would compete with streaming providers such as Spotify and Rdio, said sources.
The service could start as soon as the end of the year, said the sources, who asked not to be identified because the matter had not been made public.
"We're always working on new and better ways for people to enjoy YouTube content across all screens, and on giving partners more opportunities to reach their fans," said YouTube spokesman Matt McLernon on Tuesday. "However, we have nothing to announce at this time."
Google, based in Mountain View, California, already has a US$9.99-a-month (S$12-a-month) music-streaming service on its Google Play entertainment site.
In July, the company invested US$50 million in Vevo, a video website started by music companies, which has a big presence on YouTube.
Plans for a YouTube subscription service were reported earlier in the Los Angeles Times.