YouTube to Launch Video Subscription Service Without Ads
- Ad-free subscription based service
- Google owned YouTube plans to launch this service by the end of 2015
- YouTube also plans to update its terms of service for video partners to give them a 55% cut of subscription revenues
To cut it short
This is indeed a smart and decisive move by YouTube to expand and diversify beyond the ad-based business model, especially considering the fact that more than 1 billion users visit the popular website monthly. Chronologically speaking, this announcement comes as no surprise as YouTube is facing severe competition from arch rivals like Netflix and Hulu than ever before.