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YouTube plans to compete with Spotify

YouTube’s plans for its new music service, Twitter business strategies, the reason why blogs beat social networks among consumers and more social-media news.

YouTube, already one of the world’s biggest platforms for streaming music, plans to launch a subscription service in competition with Spotify, Pandora and other digital music platforms. The new service will reportedly complement Google Play, Google’s music platform for Android. While people will be able to use the services for free, paying for a subscription will provide additional features — perhaps ad-free listening.

Rather than kicking against the pricks, as it did in the early days of digital music sharing, the record industry seems to be on board. The Warner Music Group is reportedly partnering with Google on the new services. This forward-thinking approach may signal a brighter future for the music industry, which just reported its first year-on-year sales increase in 13 years, Fortune reports.

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