Youtube has struck a deal to license music from thousands of independent record labels, setting the stage for the launch of its long-awaited subscription service and rival Sweden’s Spotify and Apple’s Beat Music.The deal with rights agency Merlin was signed recently after months of acrimonious negotiations, in which YouTube threatened to take down music videos by artists such as Adele and the Arctic Monkeys if its demands were not met, the Financial Times reported. Also Read – I-T issues 17-point checklist to trace unaccounted DeMO cashThe agreement paves the way for the Google-owned company to finally launch a paid-for music service, which will compete with Spotify, the Swedish streaming service, Deezer of France and?Apple’s Beats Music.Merlin represents more than 20,000 labels from 39 countries.‘One of the last significant obstacles to getting to market has been removed,’ said Mark Mulligan, music analyst at MIDiA Research.YouTube, the world’s biggest online video service, plans to start rolling out its paid tier within weeks, according to people familiar with the matter.The new service will allow users, who pay a monthlyfee to listen to music and watch videos, without the interruption of advertising. Other features include the ability to save music for offline listening.
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