May 6 2013, 12:21am CDT | by Gene Ryan Briones
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.
Gene Ryan Briones
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.
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