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According to Bloomberg’s sources, YouTube Premium Lite will “soon” be announced in the U.S., Australia, Germany and Thailand.

It’s hard to imagine a world without YouTube. Yet, this ubiquitous video platform is just celebrating its 20th birthday.

YouTube is close to announcing a new "premium lite" lower-priced version of its subscription service, Bloomberg reports.

YouTube is reportedly set to launch Premium Lite, a cheaper subscription service to offer an ad-free experience.