You Tube will launch music service

"I think there's a lot of opportunity," said You Tube CEO Susan Wojcicki at the recode mobile conference on Monday. She said the services will be launch at the end of the year 2014 and You Tube working on it and it should arrive soon to fulfill expectations.

You Tube continuously working on streaming music service since last year, but Google has been closed to launching this service since several times. The service has been hampered by reports of friction with independent music labels, as well as the departures of key executives. 

“I have been warning that my Democratic colleagues were moving to regulate media generally and the Internet specifically for almost a year now,” Chairman Lee Goodman told FoxNews.com.   

The company growth of the third quarter rose by 17 percent from the same period last year. From Google search and advertising industry generates $50 billion revenue in a year. It is most dominant revenue but some analysts fear that the business is going on slow.

Video ad revenues from YouTube will hit $1.13 billion by the end of 2014, according to eMarketer. 

Susan Wojcicki was appointed as the head of You Tube in February after that she took the position of Google's senior vice president of advertising. Susan is one of the Google’s longest serving employees.