In something of a surprise move, Google (I know it’s Alphabet now, but the habit is hard to break) has merged the music divisions of YouTube and Google Play Music. What could this mean for the industry? Music Industry Blog speculates.
Music video’s two power players are both in the news for strategic resets. On the one hand YouTube has announced that it is merging its YouTube Music and Google Play Music teams while on the other hand Vevo has announced it is postponing the launch of its subscription service in favour of prioritising global expansion. These are both important developments in their own rights but together form part of a changing narrative for music video.
Music video is streaming music’s killer app. According to MIDiA’s latest consumer survey, 45% of consumers watch music videos on YouTube or Vevo every month, while 25% of consumers use YouTube for music every week (more than any of the streaming audio services). So what YouTube and Vevo do has real impact.
YouTube Is Where Google Is Placing Its Music Bets
Read the rest here.