YouTube to launch paid music service

June 17, 2014 8:46 PM

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YouTube to launch paid music service

SAN FRANCISCO (Reuters) - Google Inc's YouTube said on Tuesday that it plans to launch a paid streaming music service, amid criticism that its existing, free video website might block the music videos of labels that do not agree to its terms.

YouTube has partnered with "hundreds of major and independent" music labels for the new service, the company said in a statement, confirming long-running rumors that the world's most popular online video website will offer a paid music service.

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