YouTube Announces New Music App

Getting in on the ever growing streaming business, YouTube announces its new premium service, YouTube Red. Those who pay the monthly fee will be able to use YouTube ad-free across all platforms. Along with YouTube Red, the web powerhouse debuted a new app called YouTube Music, which looks like it will be YouTube's answer to Apple Music, Spotify, etc...

According to TechCrunch, YouTube Red will be available on Oct. 28 for $9.99/month but iOS uers will have to pay $12.99/month to cover Apple's in-app purchase tax. TechCrunch also states that YouTube Red will begin to offer exclusive access to original series and movies and will allow users to save videos and playlists to watch offline. YouTube has gotten a majority of independent creators, record labels, TV networks and movie studios to the program. As far as payouts, a YouTube exec says that they will pay "the vast, vast majority of revenue."

The YouTube Music app does not have a launch date yet. The app will be dedicated to YouTube's music catalog and, according to YouTube, "choosing any song or artist on YouTube Music will start a personalized journey through our incredibly diverse music catalog."

The announcement only ramps up the streaming business war and offers users another outlet to consume media. With the video streaming element, YouTube offers an all-inclusive service that separates itself from its competitors.