After offering free video streaming service for several years, YouTube is reportedly gearing up for a subscription-based service launch. Recode reports, after launching the service, YouTube videos won't be available for public display in the US. According to the report, the service might be launched by October 22.

The subscription-based service will offer ad-free viewing on YouTube and is purported to come along with Music Key. YouTube has sent an e-mail to ReCode mentioning the new service will create a new source of revenue over time hence 95% of the YouTube channels are overwhelmed by the announcement.

The ad-free version of YouTube will offer the same videos, which are available in ad-supported version but since the service will not be available for free viewing after the said date, YouTube might loss a huge percentage of online viewers from now.

However, the paid ad-free YouTube service is expected to be an US only service. Hence, the service is expected to be the same for the rest of the world.

If YouTube try to implement the same in a price-conscious country like India, the video streaming service might face a major downfall since $10 stands roughly around Rs 662, which is more than a person pays for using Internet on their devices.