First TIDAL, now YouTube is offering paid subscriptions. Grrrllll bye!
Google Inc. plans to offer a paid subscriber version (meaning you pay) of YouTube which will allow viewers to see millions of videos without having to sit through ads.
The revenue from the new feature will be shared with video creators. The service may debut by the end of the year.
“By creating a new paid offering, we’ll generate a new source of revenue that will supplement your fast growing advertising service,” Google relayed in a letter to Bloomberg.
“While we can’t comment on ongoing discussions, giving fans more choice to enjoy the content they love and creators more opportunity to earn revenue are always amongst our top priorities,” Google’s YouTube said in a statement, without commenting on the timing of the service.
YouTube is facing more competition for streaming videos. Netflix, which costs $8-$12 per month, has 57.4 million subscribers and features original content such as “House of Cards” and “The Unbreakable Kimmy Schmidt.”
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