New YouTube Music Service Might Finally Launch

It looks like YouTube will finally launch it's long-awaited paid music service in late October, but it also looks to be  a little different than what we expected.

While YouTube's Music Key has been in beta testing for about 6 months, the rumors are that the service will now be called YouTube Red and it will consist of 2 main features:

1. The elimination of ads on all videos.

2. Access to Google's Play Music Unlimited catalog.

This all comes at a price of $9.99 per month. It's unclear whether users who have purchased Music Key will still be able to pay their $7.99 price or if their cost will also be the higher $9.99.

Supposedly the new service will also provide offline access to music and videos as well as background play (so you can listen to a song while working on another app on your phone) and more.

There's no word yet on the royalty structure for artists, songwriters, labels and publishers.

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