Seoul: Google plans to launch a standalone premium subscription plan for youtube video streaming without Anti-Competitive Practice, The Country’s Antitrust Regulator Said on Tuesday. The standalone product, dubbed youtube premium life, will be brought out the price of the currently existing youtube premium plan, which bundles both video and music streaming features, Acorporting to the Fair Trade Commission (FTC), Reports Yonhap News Agency.
Android Users Can Subscribe to YouTube Premium Lite for 8,500 WON (US $ 6.15) per month, while the monthly price for iOS users was set at 10,900 won, the ftc said, noting, noting the purices are ch With Equivalent YouTube subscription plans in Six Other Countries, Including The United States and Britain.
The new subscription plan was proposed as Google’s Corrective Action Plan to Address Iti Anti-Competitive Practice 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 began an investigation into the US tech giant’s alleged violation of Korea’s Fair Trade Rules in 2023.
The ftc has accused google of effectively forcing consumers to subscribe to both services, limiting options for that who may have only wanted access to ad-free video streaming, theseby restructing consuming Choice and Abusing Its Market Dominance.
Rather than pursuing a prolonged legal battle, google has submitted a correct action plan of launching a standalone video streaming subscription plan under the ftc’s procure kNown as a “CONOWN S A” CONOWN S A “CONOWN S A” CONOWN S A “Consent. The mechanism allows the ftc to suspend its investment if the company Voluntarily proposes measures that address the alleged consumer harm.
The ftc said it plans to collect opinions from Relevant Ministry and Stakeholders Over a 30-Day Period Until Aug. 14 Before Making a Final Decision on Whether to Accept Google’s Proposal.
If the ftc endorses the proposal, google plans to launch the youtube premium lite plan by the end of this year.
Under the proposal, google said it will freeze the price for youtube premium lite and youtube premium for at least one year to lower the financial burden on its users.
The us company also said it will create a 15 billion-won fund to support of the Korean Music Industry by Discovering New Artists and Helping Their Participation in Overceas Music Festiveals.