YouTube to launch premium channel later this year, according to the sources of an advertising website Adage, the biggest Internet Video Server, YouTube is strategizing to deliver a Premium services in the upcoming end months of 2013 which apart from the picture seems totally completed with Netflix, Inc. (NASDAQ:NFLX) and LOVEFiLM.
YouTube is further known to have been collaborating with group of Producers in order to create a product for seeing premium video channels along with a monthly subscription charges that would come up along the video services.
The telegraph from an anonymous source states YouTube visitors to be accessing the upcoming Premium Channels by paying dues of $1 – $5/month. Due to this new installment, an open opportunity gate might be availed to the businesses and studios so that they could monetize their content with a different methodology. This would further enhance their profit percent slice upto 45%.
YouTube is also being reported as establishing a point of focus upon a model to onetime payment mode/video views.
On the other hand Google’s spokesperson have paid deep concern in accepting the rumors spread around stating that there is indeed a long route to be taken in order to maintain the different content’s required payment modes. He/She further confessed proudly upon stating that the company’s developers have raised a green flag in that particular platform and there are more talented content developers who aim high to benefit themselves from subscription and the company is counting on them.
The exact time period of the launch is still not known but indeed the rumor is widely carried out stating the industry to soon officially be declaring Digital Content New Fronts occasion later in the month of April before leaping straight into 2Q.
Earlier, Research In Motion Limited (USA) (NASDAQ:RIMM) had promised its fan to add music, movies and TV programs to its latest re-titled online store i.e. Blackberry World.
The purchasing cost of the albums is known to range from that of US$8 to US$12 whereas movies are known to be ranging from US$10 to US$20. TV programs however are dissimilar to movies and music with no preview costing around US$ 1.99/episode.
The feature is likely to be available only in the selected particular continents which presently are known to be UK, USA and Canada.
NFLX shares fell -1.05% to $167.55, RIMM shares rose 1.15% to $15.75 in current trading session.