The launch of YouTube's rumored subscription music streaming service is reportedly behind schedule.
The Google-owned (Nasdaq: GOOG) online-video giant was planning to introduce a Spotify-like service before the end of the year, Billboard reported in October based on interviews with "several sources familiar with the plans." But now that timeframe has apparently been pushed back.
According to a report in AllThingsD that cited an unnamed source, the commercial agreements needed for the service are all in place, but the product itself needs work.
YouTube's product, if and when it launches, will join a crowded field of subscription music services that includes Spotify, Rhapsody, Rdio and Google's own All Access service for Google Play.
- AllThingsD had this report
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