YouTube plans to launch a paid music-streaming service

Alphabet Iಌnc’s YouTube plans to introduce a paid music streaming service in March, Bloomberg , citing people fam💎iliar with the matter.

Record label Warn🌄er Music Group has already signed on while Sony Music Entertainment, Universal Music Group, and Merlin, a consortium of independent labels, are in talks with the ꦅvideo streaming website, Bloomberg said.

Thꩲe service, internally referred to as Remix according to Bloomberg, will compete with similar offerings from🅰 Spotify and Apple.

Google, another Alphabet unit, introduced Google Play Music, a streaming service, in 2011. YouTube🅺 launched ad-free, subscription-based YouTube Red in 2016 featuring exclusive video 💞content from popular creators such as Lilly Singh Michael Stevens.

YouTub💮e was not 💙available for comment outside regular business hours.