YouTube is aiming to get rights for streaming TV series and movies for its new paid subscription service. Fred Katayama reports.
YouTube seeks new content
Watch out Hulu, Netflix and Amazon – YouTube is beefing up streaming.
According to the Wall Street Journal, the world’s largest online-video service by viewership is seeking streaming rights for its new paid subscription service called YouTube Red. Executives of YouTube – which is a unit of Alphabet – reportedly met with Hollywood studios and production companies to consider pitches and negotiate licenses for new content.
The $9.99 a month service launched in October offers ad-free videos and music streaming. The company is still deciding how much content to license. It wants a big collection of original and licensed programming.
The Journal says YouTube is tapping Google Play’s existing relationships with movie studios and owners of premium video content to negotiate streaming deals.