YouTube Red, which was launched in 2015 and bundled with Google Play Music, is becoming YouTube Premium.
The new bundle provides access to original and ad-free content – with a slightly increased price.
YouTube Premium will launch in Australia, Mexico, New Zealand, South Korea and the USA. It will then roll out to Austria, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Norway, Russia, Spain, Sweden, Switzerland, and the United Kingdom before rolling out globally throughout 2018.
Sources: Endgadget; YouTube.