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Beginning on Wednesday, October 21, YouTube will begin to offer a paid subscription service for original content. Content creators include Time Warner Inc.’s Turner cable unit, 21st Century Fox’s Fox Sports, A+E Networks Inc., and Comcast Corp.’s NBCUniversal and more, and service will cost subscribers about $10 a month. The company shares in a statement:
“We are progressing according to plan to provide fans more options in how they enjoy content on YouTube. We have support from the overwhelming majority of our partners, with over 98% of content watched on YouTube covered by agreements, and more in the pipeline about to close.”
Read more about it in detail here and let us know if you think this is a good move for YouTube (and Google.)