From an amalgam of short clips on the web in 2005, Youtube has grown exponentially in the past decade since its founding. The video czar recently took its next big step with the announcement of YouTube Red – a premium service that will eliminate ads and provide exclusive original contents like Amazon and Netflix.
For $10 (actually, $9.99. But, we all know its $10), the service will be initially available for US netizens and will offer a free one-month trial. Whilst currently limited to background and offline playing, starting next year YouTube plans on offering Red subscribers original contents such as feature length film and music services by their favourite creators.
“YouTube Red lets you enjoy videos across all of YouTube without ads, while also letting you save videos to watch offline on your phone or tablet and play videos in the background,” said the press release.
Youtube’s current model relies on creators earning a part of the ad-sales on their videos. ‘PewDiePie’, a Youtuber, had earlier this year created headline for raking in nearly $7.5 million in revenue for his videos. PewDiePie who makes videos on videogaming will be one of the biggest beneficiaries of the new premium service.