Here Come The New Music Streaming Services If you're not aware, two new streaming music services will be online soon and that could accelerate the changeover to streaming.
1. YouTube Music Key. YouTube knows that more people access their music now via the service than just about any other, and Google (YouTube's owner) wants to capitalize on it by introducing this new service. What's so cool about it? - It gets rid of the ads before every video that we so hate.
- It allows you to just stream the audio, even if you're offline.
- You get access to the huge 20+ million song and video catalog of the Google Play service
Here's the rub - Where YouTube access is free now, Music Key will be a subscription at $9.95 a month. Will the features be enough to get your to convert from the free service as it is now? We'll soon see as it looks like it will launch in May.
2. Apple's Beats Music relaunch. Apple purchased Beats Music last year for it's management and infrastructure, the results of which we'll see soon. The company will be launching it at a June event, supposedly at $7.99, which trumps all other services by a couple of bucks.
The name Beats Music will go away though, as it will be folded into iTunes.
Outlook - Apple has more than 800 million credit cards on file, so a new service could instantly be a moneymaker, dwarfing Spotify and Pandora. That said, the company has missed before with Ping, and Apple Radio isn't exactly setting the world on fire.
The unknown - Will artist and songwriter royalties be the same as other streaming services or reduced thanks to the $7.99 price. Stay tuned for that one.
3. Hi-res streaming. There are already two services with hi-res CD quality or better streaming with TIDAL and the Elite tier of Deezer. That said, Apple has been collecting hi-res 24 bit files as part of it's Mastered For iTunes program for 3 years now. If its new music service launches as hi-res, the rest of the streaming world will have to follow. |