Hot on the heels of YouTube Music being announced, YouTube has also announced YouTube Premium. However unlike YouTube Music which will be a brand new service, YouTube Premium is simply a rebranding of an existing service, YouTube Red which you might be familiar with to be the home of original YouTube content, such as the more recent “Cobra Kai”.

According to YouTube’s announcement, “Since launching YouTube Red in 2015, we’ve been thrilled with how people are enjoying the service, whether it’s downloading videos for a flight, binging the first season of Cobra Kai, or listening to the wide breadth of ad-free music. As part of ongoing enhancements to the member experience, today we’re excited to announce that YouTube Red is becoming YouTube Premium!”

Nothing is expected to change save for the branding, at least not for the worse. In fact YouTube claims that it will be even better as they are planning more original series and movies. It is also expected to roll out to more countries soon which should be good news as prior to this, YouTube Red’s availability was still somewhat limited.

YouTube also announced that subscribers to YouTube Premium basically gives users access to YouTube Music Premium, which is an ad-free version of YouTube Music, along with an ad-free YouTube experience. It will be priced at $11.99 a month, but if you’re a current YouTube Red subscriber, you will be automatically converted to YouTube Premium but maintain the current access price of $9.99 a month, so if you want to save yourself $2, you should probably sign up now.

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