We need your help now
Support from readers like you keeps The Journal open.
You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.
If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.
Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
By continuing, you are indicating that you accept our Terms of Service and Privacy Policy.
(Updated: 18:30)
NO SOONER THAN it agreed a deal with one of the representative of 20,000 indie music labels, YouTube has revealed the details of its new music subscription service.
The service, called YouTube Music Key, is being launched as an invite-only beta and will be available on the main site, under a dedicated music tab, and as an iOS and Android app.
Both free and paid services will include high-quality audio tracks and will allow users to find and listen to full albums as well as back catalogue.
Those paying for it can play music videos without ads and can continue playing songs and videos in the background and when the device is locked.
The service also offers playlists based on moods and genres, tying in with its acquisition of Songza.
While the music homepage is launching globally, the beta of YouTube Music Key is being initially launched in seven countries, Ireland being one of them. Markets like the US, Spain, Italy, Finland, Portugal and Ireland were chosen because of the popularity of music in these areas.
YouTube has been working on such a service for many months now, having been held up by negotiations with music labels over content deals.
Recently its CEO Susan Wojcicki revealed it was working on a subscription service where ads would be disabled. She revealed that half of all YouTube views now come from mobile devices and that time spent watching videos was growing at a rate of 50% year-on-year.
Its biggest competitor in the field is Spotify which currently has 50 million active users with 12.5 million paying for the premium version.
The service will cost €9.99 per month, but those invited to the beta are offered the first six months free followed by a promotional price of €7.99 per month.
The cost will also include a subscription to Google Play Music, which currently has more than 30 million songs in its collection.
[Originally published 18:00]
To embed this post, copy the code below on your site
… but will the banks pass on the rate cut?
Yes they will. They must increase the rate first for a few weeks before the cut kicks in reducing the rate to the same level it was last month. Only difference is banks get to borrow cheaper money.
Have not our banks already announced an increase?
so far AIB has , not sure about the rest of them
Watch ebs and their mates will bang up their rates again once this happens, absolutely sickening
What’s a tracker mortgage!
I don’t understand APR
A rate cut will hit tracker mortgages pushing them further below cost which our banks will have to compensate for with more current account fees, higher variable rate mortgages and will further increase the time until the taxpayer sees any bailout money… It’s giving with one hand and taking away with the other at this point.
But doesn’t it mean the rate is lowered for our banks paying back loans to the ECB? Maybe I’m wrong on this….
That was my understanding, although happy to be corrected.
Funny that got my letter today from ebs saying rate has gone from 4.33 to 4.58 . This country can go and f€€k itself .
Here’s a novel idea; the ECB should keep printing money; but rather than using it to shore up structural problems ( which doesn’t cause inflation ), they should print enough to maintain a EZ inflation rate of just over 2%. Inflation is too low in the EZ, it is hampering consumer spending and the probability of growth, and isn’t regulating inflation to stay at the most beneficial level one of the main functions of a Central Bank?
Inflation is TOO LOW???
You have to be kidding me. You must only care about the bankers and elite, not the poor and middle class.
Disgusting
Stop reading those Keynesian/Neoliberal econ books.
@ Michael – get away from the “me too”-ism and look at the bigger picture.
In times of very low inflation, there are very few incentives to spend your money, and a load of incentives to hoard your money. Normally, in times of low inflation, it makes far more sense to buy on credit rather than with cash.
Currently, however, there is a very understandable aversion to credit, both from people who would normally seek credit, and, more importantly, from those who supply credit.
So, low inflation + lack of credit sources = economic stagnation.
A higher level of inflation ( not a high level, but higher than the disastrously low level we have no ) would have the dual effect of getting money moving and reducing the weight of the debt.
High inflation will benefit debt-laden countries.
Absolutely none of the above has to do with Keynes, so I’ve no idea where you pulled that out of ( although I could be crude and suggest from where you pulled it ).
Low inflation is good for some ie people on fixed incomes, reduced pensions, reduced social welfare, those who have lost on bank shares and property. High inflation is good for the retail trade etc. Lets. keep inflation under control for the sake of those less fortunate with limited resources because they will suffer the most in times of high inflation. There has to be another solution to the problems being experienced by the retail trade which will be solved by growth and rising employment levels.
No inflation? Ok, let’s keep trying our current deflation approach. See you in a few million years when you’ve got that sorted.
@ Maurice – to be fair, we’re not talking about having high inflation. Two per cent is not high. While inflation would damage many people’s finances in one respect, I do believe a lot of the damage would be offset by the benefits in he mid-term.
As it is, we’ve seen a rise in the cost of living at the same time as the rate of inflation has been dropping, so, in this case, cost of living and inflation are not directly in proportion to each other.
Low inflation is a kiss of death for growth, and growth, including the jobs that go with it, what we desperately need.
Much as it makes me squeamish to agree with Censored, he’s on the money with his comment.
@ Censored – don’t worry, I won’t be making a habit of it :-)
So the answer to my original question is yes. I’ll use isms in context like I always have.
I don’t need to hear regurgitated rubbish from Krugman anymore please.
Tell me why deflation is a bad thing? Because it strengthens the value of money? Because it gives people induced incomes a chance? Why must we always crush the poorer amongst us?
You’ll come back at me with some academic answer, but the truth is that you logic is what is getting us deeper into this mess. 2007 is going to happen again soon
@ Michael – you’re a bit of a strange bird. You name-drop academic economists when it’s irrelevant, and then dismiss “academic”replies. Seems to be a low self-esteem issue going on.
I wrote above why I think low inflation is dangerous and a higher rate of inflation would be beneficial. You’re asking for an answer, but you don’t ask a question, so my original comments still stand.
Chucking insults and being snotty does not a convincing economic argument make. Maybe actually read up a little on the economists and economic movements you name drop?
Already have mortgage going up 40 euro a month from June
should legislate on a max difference between variable /tracker…at the moment people are paying up to 4or 5 points over.2 should be about fair..
what ya think.
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a device. Personalised advertising and content, advertising and content measurement, audience research and services development.
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work.
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then these services may not function properly.
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not be able to monitor our performance.
Cookies, device or similar online identifiers (e.g. login-based identifiers, randomly assigned identifiers, network based identifiers) together with other information (e.g. browser type and information, language, screen size, supported technologies etc.) can be stored or read on your device to recognise it each time it connects to an app or to a website, for one or several of the purposes presented here.
Advertising presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type or which content you are (or have been) interacting with (for example, to limit the number of times an ad is presented to you).
Information about your activity on this service (such as forms you submit, content you look at) can be stored and combined with other information about you (for example, information from your previous activity on this service and other websites or apps) or similar users. This is then used to build or improve a profile about you (that might include possible interests and personal aspects). Your profile can be used (also later) to present advertising that appears more relevant based on your possible interests by this and other entities.
Advertising presented to you on this service can be based on your advertising profiles, which can reflect your activity on this service or other websites or apps (like the forms you submit, content you look at), possible interests and personal aspects.
Information about your activity on this service (for instance, forms you submit, non-advertising content you look at) can be stored and combined with other information about you (such as your previous activity on this service or other websites or apps) or similar users. This is then used to build or improve a profile about you (which might for example include possible interests and personal aspects). Your profile can be used (also later) to present content that appears more relevant based on your possible interests, such as by adapting the order in which content is shown to you, so that it is even easier for you to find content that matches your interests.
Content presented to you on this service can be based on your content personalisation profiles, which can reflect your activity on this or other services (for instance, the forms you submit, content you look at), possible interests and personal aspects. This can for example be used to adapt the order in which content is shown to you, so that it is even easier for you to find (non-advertising) content that matches your interests.
Information regarding which advertising is presented to you and how you interact with it can be used to determine how well an advert has worked for you or other users and whether the goals of the advertising were reached. For instance, whether you saw an ad, whether you clicked on it, whether it led you to buy a product or visit a website, etc. This is very helpful to understand the relevance of advertising campaigns.
Information regarding which content is presented to you and how you interact with it can be used to determine whether the (non-advertising) content e.g. reached its intended audience and matched your interests. For instance, whether you read an article, watch a video, listen to a podcast or look at a product description, how long you spent on this service and the web pages you visit etc. This is very helpful to understand the relevance of (non-advertising) content that is shown to you.
Reports can be generated based on the combination of data sets (like user profiles, statistics, market research, analytics data) regarding your interactions and those of other users with advertising or (non-advertising) content to identify common characteristics (for instance, to determine which target audiences are more receptive to an ad campaign or to certain contents).
Information about your activity on this service, such as your interaction with ads or content, can be very helpful to improve products and services and to build new products and services based on user interactions, the type of audience, etc. This specific purpose does not include the development or improvement of user profiles and identifiers.
Content presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type, or which content you are (or have been) interacting with (for example, to limit the number of times a video or an article is presented to you).
With your acceptance, your precise location (within a radius of less than 500 metres) may be used in support of the purposes explained in this notice.
With your acceptance, certain characteristics specific to your device might be requested and used to distinguish it from other devices (such as the installed fonts or plugins, the resolution of your screen) in support of the purposes explained in this notice.
Your data can be used to monitor for and prevent unusual and possibly fraudulent activity (for example, regarding advertising, ad clicks by bots), and ensure systems and processes work properly and securely. It can also be used to correct any problems you, the publisher or the advertiser may encounter in the delivery of content and ads and in your interaction with them.
Certain information (like an IP address or device capabilities) is used to ensure the technical compatibility of the content or advertising, and to facilitate the transmission of the content or ad to your device.
Information about your activity on this service may be matched and combined with other information relating to you and originating from various sources (for instance your activity on a separate online service, your use of a loyalty card in-store, or your answers to a survey), in support of the purposes explained in this notice.
In support of the purposes explained in this notice, your device might be considered as likely linked to other devices that belong to you or your household (for instance because you are logged in to the same service on both your phone and your computer, or because you may use the same Internet connection on both devices).
Your device might be distinguished from other devices based on information it automatically sends when accessing the Internet (for instance, the IP address of your Internet connection or the type of browser you are using) in support of the purposes exposed in this notice.
The choices you make regarding the purposes and entities listed in this notice are saved and made available to those entities in the form of digital signals (such as a string of characters). This is necessary in order to enable both this service and those entities to respect such choices.
have your say