We’ve been hearing rumors about YouTube’s ad-free subscription service for years, but it wasn’t until last November that the company actually released something along those lines. It was called YouTube Music Key, and it was a good start, allowing users to watch ad-free music videos and even download them for offline playback, but now the company is ready to take the next step. Earlier today, YouTube announced YouTube Red, a $9.99/month service that does pretty much the same thing that Music Key does, except for every video on YouTube, not just music videos. The company also announced that Music Key is being absorbed by Red, and that Red subscribers will also have access to exclusive YouTube Originals.