At some point soon, the company will also introduce YouTube Premium, a new name for the service that lets you remove ads from all YouTube videos, download videos to your device and get access to original programming like Cobra Kai. Users will be able to sign up for YouTube Premium, which also includes YouTube Music Premium, for $14.99 per month.

Combined, the new music service and premium video subscription replace YouTube Red, a service originally launched in Australia almost exactly two years ago. Currently a Red subscription costs $11.99 per month and also includes full access to Google Play Music. YouTube says existing Red subscribers will get full access to all the Premium features but will not be made to pay the extra three dollars per month.

And speaking of Google Play Music, it's unclear how the long-running streaming service fits into these new plans. The company has confirmed that existing subscribers will be able to continue using Google Play Music even after the new services launch, but has not specified if new YouTube Premium members will get access to the service as YouTube Red subscribers always have.

YouTube currently enjoys a userbase of more than 1.5 billion people, but Google's various attempts to launch premium subscription versions and spin out a music streaming service have seen mixed success. Its latest reshuffle puts YouTube Music in direct competition with Apple (with 50 million subscribers) and Spotify (with 75 million paying subscribers, 170 million users total).