|Youtube logo on the homepage. Credit: Christian Wiediger|
Techneverends - The Wall Street Journal reports that Youtube, a subsidiary of Alphabet Inc, is in the stage of launching its newest service that allows Youtube users to subscribe to video streaming services.
It is known that this streaming video service will pilot a Youtube application with a menu called Channel Store. This service offers users to watch trailers or movies of various genres, along with the comfort of paying for a subscription. Unfortunately, there is no detailed information regarding how much subscription fees will be charged by Youtube, as well as the subscription options.
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Youtube approaches another company
During its development, Youtube approached and offered entertainment companies to participate in this new service. It is reported that Youtube is conducting discussions regarding revenue sharing with partners, which said terms might vary for each Partner.
The parent company, Alphabet Inc, has not yet responded to the development of this video streaming service.
During the shift of cable TV consumers to subscription-based streaming services, Youtube is projected to join forces with other streaming companies such as Netflix, Disney+, HBO Go, Apple TV, and Amazon Prime Video in an effort to gain a portion of the crowded video streaming service market.
Based on the information we cited from the New York Times, it is reported that Walmart is also talking with entertainment companies to add streaming services as a new advantage when customers register for their membership program. But unfortunately, there is no detailed information regarding this news.
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