This is a hilarious attempt to monetize Youtube that seems like it was thought up in 2009, then dusted off and put into use now because lodsemone.
It's based off removing ads, which we can already do, the ability to watch videos offline, which we can already do by downloading them from basically tons of sites at this point, a fancy version of autoplay that's for music, which we already have alternatives for like Pandora or Spotify(google really came far too late to the market on that one), and the only feature that might actually generate them money, exclusive 'content'(see: youtube partner videos, most likely) that splits the community between those who pay, those who don't, and those who get tired of Youtube's stuff once and for all, and try to find/make an alternative.
Get your head out of your ass, Google.