AP Photo/Rogelio V. Solis YouTube announced two new services on Thursday that will replace its paid YouTube Red service. YouTube Music Premium will be a music streaming service and will compete with Spotify and Apple Music. YouTube Premium includes YouTube Music, as well as ad-free video and video downloads. But there's no option just for video-based benefits, so you'll have to pay for YouTube Music even if you only want the premium video plan. YouTube announced on Thursday that it's restructuring its paid YouTube Red service into two new services that are launching on May 22, including YouTube Music Premium and YouTube Premium.