Report: YouTube to Launch Paid Subscriptions

It looks like YouTube is about to take a big step towards monetizing its videos.

YouTube is planning to launch paid subscriptions for a couple dozen channels as soon as April, according to a new report in AdAge citing "multiple people familiar with the plans."

The online video site has reportedly reached out to a "small group" of channels asking them to apply to be among the first paid channels. There is also talk that YouTube might charge for live events like concerts and libraries of older episodes.

AdAge reports that the initial subscription costs would be between $1 and $5 per month. These channels would also have the option to show ads.

Right now, this effort is being bille…
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