Google's video sharing platform, YouTube could be working on the launch of paid subscription service for some specialized video channels according to a report on CNET. YouTube had been saddled with revenue issues despite the great pool of users the platform has generated lately.Earlier in February, YouTube confirmed on the rumor that it was developing a paid subscription service, but declined to pinpoint when it will be ready for launch.
The company, however, was quick to label the news leak as "looking into creating a subscription channel 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".
YouTube had according to the report entered into partnership with some leading producers about creating contents for a paid subscription platform.
Apparently, if the report is to be believed, YouTube paid subscription channels may be going live within the week. Albeit, the company declined to confirm the report, evidence can still be seen in the new coding on Android version of the app that referred to paid subscription.
