The new service could help appease record-industry executives who have pushed for more revenue from YouTube.
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It's now set for the PlayStation 4, PC and Xbox One , and is being developed by Saber Interactive ( NBA Playgrounds, Quake Champions ).
Tentatively called Remix, the platform has already secured rights from Warner Music Group.
According to the report, YouTube has already finalized a deal with Warner Bros Music Group and is now in talks with Sony Music Entertainment, Merlin (a label covering independent artists), and Universal Music Group. Music is one of the most popular genres of video on YouTube, which attracts more than a billion users a month.
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Evacs and road closures in effect. "[We are] hoping also that the roads open up to allow trailers to evacuate". Among the prominent trainers stabled at San Luis Rey are Richard Baltas, Peter Miller and Doug O'Neill.
Alphabet no doubt wants a part of the growing music streaming market. That morphed into YouTube Red in 2016, letting users watch any video without advertising. At the moment YouTube is reportedly also in talks with a number of artists.
Vevo is majority owned by Universal and Sony.
YouTube has always been seen as one of the biggest obstacles for musical artists and labels, seeing as it's a go-to site for streaming free music.
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However, their relatively high multiples do not necessarily mean their stocks are overpriced and not good buys for the long term. The firm operates in six divisions: Fiber Solutions, Transport, Enterprise Networks, Zayo Colocation, Allstream, and Other.
The Google/Alphabet company is keen to launch "Remix" in March, but is reliant on getting these licensing deals over the line.