YouTube on Wednesday announced a new paid subscription service that would eliminate advertisements as the video service behemoth looks to better tap its vast commercial potential. YouTube, which is owned by search engine giant Google and claims more than one billion users worldwide, also announced an expanded music platform and original movies in a bid to encourage subscribers. The new service, called YouTube Red, will offer commercial-free access for $9.99 a month starting on October 28.

Source: Yahoo Music
Link: YouTube announces music app, ad-free subscription service