June 17, 2014
“We’re adding subscription-based features for music on YouTube with this in mind – to bring our music partners new revenue streams in addition to the hundreds of millions of dollars YouTube already generates for them each year,” YouTube said in a statement.
The announcement comes amid criticism that YouTube’s plans would block the content of certain labels from appearing on the site’s free version unless they sign deals to participate in the new, subscription streaming music service.
YouTube’s new subscription service is expected to launch at the end of the summer and will allow users to listen to music without any ads.
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