YouTube Prepares To Launch Pay Channels

LOS ANGELES (May 10, 2013)--Roger Corman's campy B movies, such children's shows as "Sesame Street" and "Inspector Gadget," and inspirational monologues by celebrities are among the 30 channels that will require paid monthly subscriptions on YouTube soon.

Although the world's largest video site has rented and sold movies and TV shows from major studios since late 2008, most people watch videos on YouTube for free.

It's the first time YouTube is introducing all-you-can-watch channels that require a monthly fee.

The least expensive of the channels will cost 99 cents a month but the average price is about $2.99.

In the field of paid video content online, YouTube is playing catch up to such services as Netflix, Hulu and Amazon, all of which have millions of paying customers.


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