YouTube's new service will be an audio streaming service, not a video streaming service though. I'm not sure why they think they can just make a slight modification to their licensing agreements and roll their video catalog into a music catalog.
The record labels are completely right to be demanding better terms here, just like they would get from Apple, Spotify, Pandora, etc.
The record labels are completely right to be demanding better terms here, just like they would get from Apple, Spotify, Pandora, etc.