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YouTube rumored to launch paid channel subscriptions very soon

May 6 2013, 12:21am CDT | by , in News | Technology News

YouTube rumored to launch paid channel subscriptions very soon

YouTube is reportedly on the verge of launching a new subscription-based service soon. How soon? One publication thinks it will be as early as this week.

In what could appear to be a huge blow to video streaming companies like Netflix and Hulu, Google-owned video streaming service, YouTube, is reportedly planning to launch a subscription-based service very soon.

According to The Financial Times, YouTube is eyeing at a paid subscription service for some of its "specialist" video channels, around 50 of them, with subscriptions starting at $1.99 per month. The publication even talks of a possible launch this week.

But as so far as Google is concerned, the report has never been confirmed. It's worth noting that Google already hinted about a similar kind of service earlier this year. 

Source: CNET

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