New reports claim that, YouTube is planning to launch its own subscription music service in coming months. It is expected to be similar as Spotify but it will also include video components. It will have two different tiers, a free version and a premium version which will offer unlimited access. It is expected to cost around $9.88 per month for premium version.
In response to this report, YouTube said that “We’re always working on new and better ways for people to enjoy YouTube content across all screens, and on giving partners more opportunities to reach their fans. However, we have nothing to announce at this time.”