Billboard has reported that YouTube may be offering a paid subscription service later this year that focuses on music, more specifically, music videos. The service will likely have both premium and free content that will be available on any device.
The challenge for Google is that many users already enjoy their favorite music for free at anytime on YouTube, so how could they design a service you would want to pay a fee for? It’s likely that some features may include the removal of ads, access to full albums, and exclusive “premium only” content. In many ways this service will be similar to what Spotify currently offers and with the massive audience that YouTube has, this could be a very sucessful move for them.
As of this posting there is no official confirmation from YouTube on whether or not such a service will launch or if it does, when, although some have speculated a holiday launch later this year.