YouTube to Launch Music Streaming Service Next Week

Google's YouTube will launch a music streaming service next week, it said on Thursday, looking to use its popular internet video brand to tap the growing market for paid music streaming.YouTube Music, which will offer both ad-supported and $9.99-per-month versions, will compete directly with services from Spotify Technology SA, Pandora Media Inc, Apple Inc and Amazon.com Inc.YouTube Music will launch on May 22, and include features such as personalized playlists based on a user's YouTube history. The service is expected to eventually replace Google Play Music, the Alphabet Inc unit's existing music streaming brand.