YouTube to introduce paid subscriptions soon

Last Updated: Thu, Jan 31, 2013 08:07 hrs

London: Google-owned video sharing website YouTube is to offer paid subscriptions for some premium content later this year.

The site has asked several of its contributors to submit applications to create paid-for channels.

The first channels will reportedly be available to users for between 1 dollar and 5 dollars per month.

YouTube plans to keep around 45 per cent of the subscription revenue themselves, with the rest going to the producers of the content, the Telegraph reports.

According to the paper, YouTube has hinted in the past that it was considering offering subscription-based content.

Last year YouTube CEO Salar Kamangar said there was strong demand among certain video producers, such as video game networks, to offer paid-for channels programs, the paper said.

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