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Google's YouTube will launch a music streaming service next week, it stated on Thursday, wanting to use its common web video brand to tap the growing market for paid music streaming. Has Your Netflix Been Hacked? will launch on Might 22, and embody options reminiscent of customized playlists primarily based on a consumer's YouTube historical past.

The service is predicted to eventually change Google Play Music, the Alphabet Inc unit's existing music streaming brand. The information sent stocks of music streaming firms Spotify and Pandora decrease by about 2 percent on Thursday morning. Ali Mogharabi, analyst at Morningstar Research. Make Your Subsequent Transfer Like A Movie While Dating On-line rising adoption of paid music streaming has helped wean a era of music listeners away from free or pirated music, and has led to services akin to Spotify and Apple Music changing into the recording industry's single greatest revenue source.

Income from music streaming services overtook gross sales of CDs and digital downloads for the first time in 2017, according to the Worldwide Federation of the Phonographic Business. YouTube Music will launch in the United States, Australia, New Zealand, Mexico and South Korea on May 22. It should roll out to extra countries, including Canada, in the next weeks.

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