YouTube Readying Premium Service Launch?

YouTube LogoYouTube is reportedly working with enterprises and TV studios on a paid subscription service that could launch as early as this spring.

The video streaming service is reportedly working with a group of channel producers on a platform that will provide premium video channels for monthly subscription fees, unnamed sources told Advertising Age.

YouTube users would be able to purchase access to the channels by paying fees ranging from $1 to $5 each month, as well as one-time pay-per-view video purchases, according to the report

If launched, the service could provide businesses and broadcasters with another method for monetizing their content. YouTube allows users to collect a portion of advertising revenues on their videos through the Google AdSense platform.

This article was originally published on V3.