YouTube to launch music subscription service 'Remix' next year

YouTube is planning to introduce a paid music streaming service in March.

Sony Music Entertainment, Universal Music Group and Merlin, a consortium of independent labels, are in talks with the website.

Record Label Warner Music Group has already signed with the service.

The streaming service willcall"Remix" and it will be competing with Spotify and Apple.

Music streaming website like Spotify and Apply music have become hugely popular in recent times and launching "Remix" is going to the parent company Alphabet's third attempt to compete with these giants.

YouTube Red launched a subscription-based service for exclusive content from popular creators like Lily Singh, Michael Stevens, Liza Koshy, in 2016.

Google has also launched its streaming app called Google Play Music in 2011.

(With inputs from news agency)