YouTube launches paid subscription service.
YouTube's move is seen as a smart attempt to benefit from its huge user base. More than one billion unique users visit YouTube every month; over six billion hours of videos are watched each month on the site and 100 hours of video are uploaded every minute. YouTube is localized in 56 countries and across 61 languages. According to research firm Nielsen, YouTube reaches more US adults aged 18-34 than any cable network. All this makes YouTube's entry into the subscription market an exciting one with potentially huge implications for Amazon and Nefflix and the way we view TV (despite YouTube saying it's not television).
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|Title Annotation:||International News|
|Article Type:||Brief article|
|Date:||Jun 1, 2013|
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