YouTube is ready to roll out paid subscription system for some of its exclusive video channels very soon probably in this week, says a report. The updated model, which has been in building stage for months, targets to assist channels put more financial aid for a broader level of content like TV shows and movies, and will offer as next option of earning, as per the Financial Times.
The subscription model will have 50 channels of YouTube, and to access each channel there is a nominal charge of $1.99 per month, the report stated on Sunday, mentioning unnamed sources.
In reply to the report, a YouTube spokesman answered Mashable, “We have nothing to announce at this time, but we’re looking into creating a subscription platform that could bring even more great content to YouTube for our users to enjoy and provide our creators with another vehicle to generate revenue from their content, beyond the rental and ad-supported models we offer.”
Gossips that the giant will profit from its exclusive range of content have been floating around from some time.
This is what a YouTube spokesperson told Mashable, “We have long maintained that different content requires different types of payment models … The important thing is that, regardless of the model, our creators succeed on the platform. There are a lot of our content creators that think they would benefit from subscriptions, so we’re looking at that.”
Rest of the reports and news signal that YouTube is likely occupied on separately accessible channels on chargeable basis. Code noticed in a February app improvement suggested subscribing and opting out from paid YouTube channels.