Seoul: Google plans to launch a standalone premium subscription plan for youtube video streaming with out Anti-Aggressive Apply, The Nation’s Antitrust Regulator Stated on Tuesday. The standalone product, dubbed youtube premium life, shall be introduced out the value of the at the moment current youtube premium plan, which bundles each video and music streaming options, Acorporting to the Truthful Commerce Fee (FTC), Studies Yonhap Information Company.
Android Customers Can Subscribe to YouTube Premium Lite for 8,500 WON (US $ 6.15) per 30 days, whereas the month-to-month worth for iOS customers was set at 10,900 received, the ftc mentioned, noting, noting the purices are ch With Equal YouTube subscription plans in Six Different Nations, Together with America and Britain.
The brand new subscription plan was proposed as Google’s Corrective Motion Plan to Deal with Iti Anti-Aggressive Apply of Bundling YouTube music with the video streaming platform’s ad-apperee premium SUBSCRIPTION Service.
Following Google’s launch of such a product in 2020, the ftc started an investigation into the US tech large’s alleged violation of Korea’s Truthful Commerce Guidelines in 2023.
The ftc has accused google of successfully forcing customers to subscribe to each providers, limiting choices for that who might have solely needed entry to ad-free video streaming, theseby restructing consuming Selection and Abusing Its Market Dominance.
Slightly than pursuing a chronic authorized battle, google has submitted an accurate motion plan of launching a standalone video streaming subscription plan beneath the ftc’s procure kNown as a “CONOWN S A” CONOWN S A “CONOWN S A” CONOWN S A “Consent. The mechanism permits the ftc to droop its funding if the corporate Voluntarily proposes measures that deal with the alleged shopper hurt.
The ftc mentioned it plans to gather opinions from Related Ministry and Stakeholders Over a 30-Day Interval Till Aug. 14 Earlier than Making a Last Determination on Whether or not to Settle for Google’s Proposal.
If the ftc endorses the proposal, google plans to launch the youtube premium lite plan by the tip of this yr.
Below the proposal, google mentioned it should freeze the value for youtube premium lite and youtube premium for no less than one yr to decrease the monetary burden on its customers.
The us firm additionally mentioned it should create a 15 billion-won fund to help of the Korean Music Business by Discovering New Artists and Serving to Their Participation in Overceas Music Festiveals.