Spotify and Tencent signs equity investment deal

CREDIT Google

Considering that more than a billion people watch YouTube videos every month, it's not hard to see why they'd like to get more money out of the service.

Whichever brand "Remix" officially adopts in 2018, it looks like to replace Google Play Music, which first launched in 2011. The three bigger labels include; Sony Music Entertainment and Universal Music Group.

Another gripe, the report says, is Google's inability to convert free visitors into paid customers.

It's not yet clear how the Remix service would differ from Google's existing offerings.

As of nearly a year ago in November 2016, Youtube Red was only reporting approximately 1.5 million subscribers, a minuscule customer base when compared to other streaming platforms like Spotify, who services, as of this summer, just over 60 million subscribers.

More news: Huckabee Sanders Vindicated: Bloomberg and WSJ Walk Back Deutsche Bank Subpoena Story
More news: Nigeria's ease of doing business raises Africa's air traffic by 7.5%
More news: Miss Universe 2017 is a management graduate

According to Bloomberg, Warner Music Group has already inked a licensing deal for the platform.

According to the report, record labels feel music streaming revenues would be much greater if not for YouTube.

It's still unclear if Remix's launch will bring the demise of the two aforementioned products, although YouTube Red feels relatively safe given its primary recent focus on original programming. Publishers, labels and artists alike have long accused YouTube and other services of hurting their profits. Early next year, YouTube will enter into negotiations with Vevo for a new deal. YouTube was not available for comment outside regular business hours.

The search giant already owns the world's most successful video-sharing website, but its efforts to expand YouTube's reach have largely failed.

Google's worldwide music boss Lyor Cohen has previously spoken of the possibilities of bringing together Google Play Music's paid service with elements of YouTube.

Related News:

  • DA McMahon speaks out against concealed-carry legislation

    DA McMahon speaks out against concealed-carry legislation

    Number two, her tweet ignores the fact that concealed carry permit holders are among the most law-abiding of law-abiding citizens. "We now call on the Senate to take up and pass this critical legislation", Cox concluded.
    Mueller Removed Top FBI Agent Over Possible Anti-Trump Texts

    Mueller Removed Top FBI Agent Over Possible Anti-Trump Texts

    The allegations came to light after the Justice Department's inspector general started examining Strzok's messages. Comey's decision to hold a news conference in July 2016 to announce that the bureau was recommending that Mrs.
    Magnitude-4.4 quake hits Delaware

    Magnitude-4.4 quake hits Delaware

    Workers at the statehouse in Dover streamed into the streets after the quake to see what happened. WUSA9 Meteorologist Howard Bernstein compared the DE quake to one DC felt in August 2011.
  • Australian Parliament allows same-sex marriage

    Australian Parliament allows same-sex marriage

    Just last month, Australians overwhelmingly voted via a nationwide poll to make marriage equality a law in their country. An Australian MP named Tim Wilson even proposed to his partner, Ryan Bolger, in the middle of the debates.
    Apple's best streamer yet now comes with Amazon Prime Video

    Apple's best streamer yet now comes with Amazon Prime Video

    The decision to block YouTube is retaliation for Amazon's refusal to sell some Google products that compete with Amazon gadgets. And although Apple's services business is growing, it doesn't have much overlap with the core offerings of Google and Amazon.
    Ohio State University does not make College Football Playoff

    Ohio State University does not make College Football Playoff

    Perhaps the most newsworthy item is that the Big Ten and Pac-12 were shutout of the College Football Playoff. The Tide was the only team to make all three of the playoff fields since it began in 2014.
  • YouTube Cutting Access To Amazon Fire TV On New Year's Day

    YouTube Cutting Access To Amazon Fire TV On New Year's Day

    Amazon announced today that the Amazon Prime Video app is now available on Apple TV devices in more than 100 countries. A YouTube spokesperson placed the blame firmly on Amazon's refusal to carry Google's products.
    Russian Federation  rejects USA  call to cut ties with North Korea

    Russian Federation rejects USA call to cut ties with North Korea

    Lavrov also rejected a US call to cut ties with North Korea in response to Pyongyang's launch of an intercontinental ballistic missile.
    Black Friday Sets Gun Background Check Request Record

    Black Friday Sets Gun Background Check Request Record

    Nationally, the Federal Bureau of Investigations received more than 200,000 background checks on Friday - another record-breaker. On Black Friday this year, American shoppers apparently bought record numbers of a perennial favorite: guns.
  • Senators, prosecutor cite fake comments on internet rules

    Senators, prosecutor cite fake comments on internet rules

    The FCC is scheduled to hold a vote on December 14th over an order to replace and repeal the 2015 rules enforcing net neutrality. Numerous comments, Schneiderman said, were filed using false identities, including those of minors and deceased people.
    Alex Smith hits back-to-back touchdowns to Tyreek Hill

    Alex Smith hits back-to-back touchdowns to Tyreek Hill

    But the Chiefs were called for unnecessary roughness on Catanzaro's attempt, and the Jets received a fresh set of downs. After this point, Peters left the field and originally it was believed that officials had tossed him from the game.
    England should succeed after kind Tunisia group

    England should succeed after kind Tunisia group

    An Iberian derby between Portugal and Spain will be the highlight of Group B , with Iran and Morocco rounding out the group. England were drawn in Group G alongside Belgium, Panama and Tunisia in Friday's World Cup 2018 draw.


Most liked

Android 8.1.0 Update Rolling Out Via Android Beta Program
All it does is get the beta users back on to the table channel without having to flash Android 8.0 Oreo manually. The new API system is said to help software developers in adding machine learning functions into their apps.

Bandai Namco announces Soulcalibur VI is coming in 2018
Soul Calibur VI was recently revealed in The Game Awards and it put a smile on the face of many fighting game fans. Bandai Namco has officially stated that the game will be launching on PlayStation 4 , Xbox One , and PC in 2018.

Bayonetta 3 Announced as a Nintendo Switch Exclusive Game
So there will be ample opportunity for new and old fans of the character to enjoy her games while waiting for the newest release. The Game Awards hold one more surprise for the fans of Bayonetta , as it is not the only one that's been brought to the console.

Mikheil Saakashvili, Ex-President of Georgia, Arrested in Ukraine, Again
Since then, he has pushed to galvanize opposition to Poroshenko and other government figures he contends are corrupt. The president, his former patron, rescinded his Ukrainian citizenship in July while he was out of the country.

Michael Flynn Promised Ex-Partner That Russia Sanctions Would Be 'Ripped Up'
With the clearance of Mueller's office, Cummings writes that he's now making the whistleblower's story public. Cummings has argued that the Flynn plea deal should alleviate that concern.

Honor 7X launches in the U.S. for $199, pre-orders start today
It's also worth noting the View 10 isn't guaranteed to survive a spill, as it doesn't carry an IP water resistance rating. Many of the Mate 10's camera features have been ported over, but it's unclear how the optics will stack up.

Collapse of rebel alliance leads to 'street war' in Yemeni capital
Analysts say the alliance fell apart after Saleh reached out to the Saudi-led coalition fighting the Houthis. Saleh had on Saturday issued his message to the Saudi-led coalition in a speech broadcast from the studios.

Arizona State releases statement regarding Herm Edwards
In eight years as an National Football League head coach with the New York Jets and Kansas City, Edwards compiled a 54-74 record. Days after multiple reports said Herm Edwards would be Arizona State's next football coach, the Sun Devils made it official.

Israel Targets Iranian Military Base SW of Damascus
The "blatant assault" led to material losses at the site in the countryside around the capital, the Syrian state media reported. Satellite images showed construction at the alleged base.

Michael Flynn Pleads Guilty: What You Need to Know
Flynn is the first person inside President Donald Trump's administration to be reached by special counsel Robert Mueller's probe.

Uber to be sued $2000 per violation after data breach
The attorney general is seeking a penalty of $2,000 for each of the almost 11,000 Washington residents affected by the breach. Seven million drivers had their details stolen during the breach, alongside 50 million active Uber users.

Microsoft unveils plans for a new modern headquarters
All cars will go to an underground parking facility so that the campus remains open for bikes and pedestrians. Our new buildings will focus on inclusive design and accessible technology to empower all of our employees.

Fans Think Kylie Jenner Hinted At Her Pregnancy On Thanksgiving
Khloe Kardashian added, "I think I'm thankful for having so many generations here. You know, I just haven't really been used to that.

HTC's Unlocked U11 is Now Getting Upgraded to Android 8.0 Oreo
The smartphone was shipped with Android 7.1 in the USA market, which left users anticipating the update for Android 8.0 Oreo. Based on this, it's safe to say carrier models will get the upgrade a bit later than the unlocked units.

Trump Reportedly Claims 'Access Hollywood' Tape Bragging About Sexual Assaults is Fake
In a not at all shocking turn of events, President Donald Trump has pulled a complete reversal. "Mr. Moore's defenders, that the candidate is being wrongly accused", the New York Times article reads.





Most Commented