Alphabet Stock (NASDAQ:GOOGL)
Google, a subsidiary of Alphabet (NASDAQ:GOOGL), is working tirelessly to improve its music streaming service, YouTube Music. As a result, Alphabet stock gained.
Google is reportedly releasing Autoplay filters for YouTube Music for Android and iOS, as reported by 9TO5Google.
There are many different genres and eras of music to choose from using the filter, such as “Familiar,” “Discover,” “Popular,” “Deep cuts,” “Workout,” “Upbeat,” “Pump-up,” “Hip-Hop,” “R&B,”
Google’s goal with Autoplay filters is to make it easier for people to discover new music without going through the Home feed.
Android and iOS users will have a better time listening to music while streaming. The number of people using YouTube Music might rise due to this.
As a result, the rising popularity of YouTube Music will likely boost GOOGL’s revenue shortly.
Increasing Work on Music for YouTube
In addition to the most recent change, Alphabet stock released the reworked album user interface for Android tablets. Artist name, media type, and release year are now prominently shown in the redesigned edition. It has a download button, a library button, a play button, a share button, and an extra menu for more options.
GOOGL also added several shortcuts and an album carousel to the Explore section of YouTube Music.
GOOGL implemented a feature that lets users store queues as playlists. The Turntable and Recent Played widgets were also released by Alphabet for Android users.
With these new initiatives, Alphabet stock is prepared to quickly expand its presence in the lucrative worldwide music streaming business.
Mobile advertising expenditure, app use, subscription service growth, and user access to local content on music streaming platforms have contributed to the market’s recent expansion.
Grand View Research projected a 14.7% CAGR between 2022 and 2030 for the worldwide music streaming industry.
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