YouTube Launches Affordable 'Premium Lite' Tier

• YouTube is set to introduce a new 'premium lite' subscription tier, according to Bloomberg.
• This lower-priced tier will be available in the U.S., Australia, Germany, and Thailand.
• The 'premium lite' service grants ad-free access to podcasts and how-to videos, excluding music videos.
• Pricing details for the new tier are still under wraps, though it has been tested in select markets.
• This move comes amidst fierce competition with Spotify and Apple Podcasts for the podcast audience.

Source: TechCrunch