YouTube will launch a new subscription music streaming service in March 2018, according to reports.

Record label Warner Music Group has already signed on while Sony Music Entertainment, Universal Music Group, and Merlin, a consortium of independent labels, are said to be in talks with the online video portal.

The service, tentatively branded as ‘Remix’, will compete with similar offerings from Spotify and Apple.

Music videos on YouTube currently attract around one billion views every month.

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