YouTube launched their Music Key subscription service for listeners who want to pay for premium features.
There is never a dull moment for the music industry, and YouTube is banking on this to be a great addition to their online services. With paid subscriptions, listeners can now cut out the ads, along with other services that people are willing to pay for.
Since people have literally stopped buying CD’s, streaming is the way to go. It is the future, and there is no stopping how big it will go, especially since 1 billion people visit YouTube each month, that right there is enough in itself to take a chance on adding a paid subscription service to your website.
With Music Key, music will be organized by album, offer music playlists, along with high-quality audio. Users will also get offline playback and background, an automatic subscription to Google Play Music, and streaming service. There is even talk about Google’s entire Play catalog. But this isn’t only about music as users will also have a large selection of video as well.
YouTube will be highlighting their high-quality audio music on their site in hopes that it will draw in the crowds. With these kinds of changes, YouTube feels that by launching their paid subscription service will boost their music audiences all over the world. And since they are still the number one place to find music and video, it looks like this will hit a home run as far as paid subscriptions go.
Even though this is only going to be offered to a select few in beta, Music Key will likely be opened up to the public sometime in 2015. YouTube’s Music Key service is going to be a big deal since they were able to sign deals with major labels which added millions of songs to their already full music list. That will possibly make this service all encompassing, and possibly become the biggest music service ever‒ due to the fact of its global reach alone.