The Official Charts Company has some new competition.

YouTube has decided to jump into the music ranking game by launching its own chartsto name the top songs, artists and music videos for any given week on both a global and local level.

A statement from the company read: “With more than 1.8 billion global monthly users, YouTube charts is the new go-to destination to see what’s popular, what’s rising and trending both locally and globally on YouTube.

“The new charts are based purely on the number of views and are a reflection of the success achieved by artists on the world’s most expansive music platform.”

So who’s doing well on the YouTube rankings right now? In the UK, the top artist is currently Ed Sheeran, whose track ‘Happier’ has helped him edge out Drake and Dua Lipa.

YouTube says it determines its top artist ranking by combining “official music videos, official song user generated content, official live performances, remixes, lyric videos, album tracks, and collaborations”.

The top trending song as of Friday night (May 11) in the UK is, rather appropriately, Lil Dicky’s ‘Freaky Friday’, when views for its official music video, placement in user-generated content and lyric videos are combined.

Lil Dicky also has the top-ranking music video in the UK as of Friday, with its viewing figures topping even ‘No Tears Left To Cry’ by Ariana Grande and ‘One Kiss’ by Calvin Harris and Dua Lipa.

All three categories will get a global ranking on Sunday (May 13) at