Latest in Entertainment

Image credit:

YouTube deals with Sony and Universal pave the way for music service

The music labels signed long-term contracts after extensive negotiations.

Sponsored Links

NurPhoto via Getty Images

Earlier this month, Bloomberg reported that YouTube's subscription music service could launch as early as March, but that ongoing and unsolved negotiations with Sony Music Entertainment and Universal Music Group could prevent that launch date from happening. Bloomberg now reports, however, that both music labels have signed long-term agreements with YouTube.

The Sony and Universal contracts set royalty rates for music video rights holders and, importantly, promise a more aggressive policing of user-uploaded copyrighted songs. Warner Music Group signed a "shorter than usual" deal with YouTube in May, an agreement that didn't appear to meet Warner's piracy-fighting expectations. With these agreements in place, YouTube can now more fully pursue its Spotify-like subscription service, which will reportedly feature content not available on YouTube's free service.

YouTube hasn't historically gotten along well with the music industry, which believes that the site doesn't adequately police misuse of copyrighted material and has held back the industry's growth. Also, while Warner's agreement with YouTube was shorter-term than usual to afford the company "more options in the future," it's unclear how long Sony's and Universal's contracts are for. However, if all goes well going forward, we could have yet another music streaming service on the market very soon. Because we definitely need more of those.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

BMW will discontinue its iconic i8 hybrid sports car in April

BMW will discontinue its iconic i8 hybrid sports car in April

View
'Star Trek: Voyager' gets an unofficial 4K remaster thanks to AI

'Star Trek: Voyager' gets an unofficial 4K remaster thanks to AI

View
Tesla starts delivering the Model Y

Tesla starts delivering the Model Y

View
AI transforms 'The Great British Bakeoff' into a horror show

AI transforms 'The Great British Bakeoff' into a horror show

View
The Morning After: FDA clears five-minute lab-in-a-box COVID-19 test

The Morning After: FDA clears five-minute lab-in-a-box COVID-19 test

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr