YouTube to launch music streaming service, take on Spotify

YouTube to launch music streaming service, take on Spotify

Exclusive: Google is planning to roll out a music streaming service to capitalize on the power of YouTube.

By Ryan Bradley and Jessi Hempel

FORTUNE -- YouTube, the world's largest digital repository of streaming media, will launch a subscription music service later this year. The service has its own negotiating team and operating unit but will likely have some overlap with new features also rumored to be coming to Google's Android music platform, Google Play.

The two new services are defined by their respective places in the Google empire: Google Play for Android is a digital locker for music -- users buy, store, and sort a collection of tracks; but on YouTube's coming service, anyone can listen to tracks for free. Both services are said to be adding a subscription fee that will unlock additional features. For the YouTube-based service, this will likely mean ad-free access.

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