YouTube confirmed that will relaunch music streaming service – YouTube Music. They kick start with U.S., Australia, New Zealand, Mexico and South Korea. Following Canada and a few European countries soon.
The business model is same as Spotify. There is Ad-supported product and Premium Service for $9.99. But there will be no big changes for Google Play Music and YouTube Red users.
This will of course have impact on music industry. While Spotify and Apple, two giants ruling paid-streaming market. But critically YouTube has ‘low quality audio problem’ for increasing paid subscription users.