YouTube (GOOGL) Launches a New Subscription Tier for Ad-Free Videos - TipRanks.com
Briefly

YouTube has introduced a new subscription tier known as Premium Lite at $7.99 per month, providing ad-free videos while still including ads for music videos. This option caters to users who primarily watch non-music content, allowing for a more economical choice compared to the existing $13.99 Premium plan which includes everything. Following successful tests in countries like Australia and Germany, the intent behind Premium Lite is to attract a larger audience to subscriptions. With over 125 million paying subscribers, YouTube is reinforcing its competitiveness against major streaming services like Netflix and Disney.
YouTube's new Premium Lite subscription tier offers ad-free videos for $7.99, catering to viewers who want a less expensive option without music videos.
The introduction of Premium Lite is part of YouTube's strategy to compete with streaming services like Netflix and Disney, filling a gap in their offerings.
Testing in countries like Australia and Germany revealed promising results, with many first-time subscribers later upgrading to the full Premium plan.
Despite the competitive landscape, YouTube's current subscriber base of over 125 million underscores the importance of paid subscriptions for revenue.
Read at TipRanks Financial
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