YouTube is currently working on its own paid music streaming service that will let users watch videos and listen to tunes without ads. As intriguing as this may sound, it could come at the expense of the outlet’s relationship with several indie bands. Historically, the Google-owned video streaming platform has been a major springboard for independent record labels looking to gain mainstream exposure, but this could soon change. According to Financial Times, YouTube will start blocking videos from record labels that haven’t signed licensing deals with the company’s subscription-based service.
Mountain View’s video streaming service claims to have inked deals with about 90 percent of the music industry, which suggests that most major record labels have signed on. But what about that remaining 10 percent? If deals aren’t reached soon, it’s quite possible that some independent acts may have to move their content to another platform. However, all hope isn’t lost. Last time we checked, YouTube’s music streaming service’s debut was reportedly placed on hold until later this year.
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