Launch of YouTube's paid music service has been reportedly delayed until at least the first quarter of 2014. Earlier, the service was rumoured to be available by end of this year.
Citing people familiar with the company's plan, an AllThingsD report says the service has been delayed until the Q1, though a specific date hasn't been finalised. The report further says YouTube already has the licences it needed from music owners to roll out the service. But, the report says, YouTube is itself not happy with the product.
YouTube's team is reportedly figuring out the best way to integrate user-generated content, like lipsyncs and mashups, along with conventional recordings and videos – reason considered to be behind the delay.
YouTube recently launched its paid video subscription service in an attempt to monetise the network. YouTube has been long rumoured to be competing against the likes of Spotify and Pandora with its own music subscription service.
YouTube's rumoured streaming service will be linked with Google Play store, from where users can currently buy, store and can listen to their own tracks online. But, the service will extended to include a subscription plan to offer more benefits.