Youtube To Press Pause on Indie Market

After Amazon announced Prime Music last week, YouTube is following suit by confirming its own paid music streaming service, which will debut sometime over the summer.
The ad-free service will allegedly be called YouTube Music Pass and will allow users to download full albums for offline listening. The pricing details for the service haven't been divulged, but it should be interesting to see how Google would integrate this service with Play Music All Access.
At the behest, YouTube has managed to negotiate licensing deals with three major record labels — Sony, Warner and Universal. However, it looks like the video juggernaut was not able to reach an agreement with indie labels, with most labels coming out and stating that the royalty terms YouTube proposed undercut what other streaming services like Spotify, Rdio and Rhapsody offer.
Speaking to the Financial Times, Vice President and Global Head of Business at YouTube Robert Kyncl stated that video content from indie labels will be blocked "in a matter of days" should the labels not agree to YouTube's terms. He said that signing all labels is "not likely an achievable goal," and that the dispute with the indie labels will not affect the launch of the service.
author

We Are Houston #1 Internet Station for HipHop and R/B

Home of the Indie Hits. We are Powerhits281, Houston's #1 Internet Radio Station.Playing a TRUE mix of Indie and Commercial artists. Keeping HTOwn on LOCK.