LOS ANGELES : According to reliable sources, in a matter of few weeks, YouTube is going to launch some online video channels which will require users to pay to watch them.
Only these few Premium YouTube Channels will require payment to be watched. Remaining of the video contents on the video sharing website will remain free. It has been not yet clear, if there will be advertisement in paid channels.
The Financial Times has earlier reported that to watch premium content on YouTube a user will have to pay USD $1.99 per month for subscriptions.
YouTube was launched in February 14, 2005 as a free video sharing website by three former PayPal employees – Steve Chen, Chad Hurley and Jawed Karim. The website was later acquired by Google in November 2006 for USD $1.65 Billion. Now, YouTube operates as a subsidiary of Google.