YouTube plans to launch streaming video service - WSJ


FILE PHOTO: YouTube logo at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015.

(Reuters) - Alphabet Inc's YouTube is planning to launch an online store for streaming video services, the Wall Street Journal reported on Friday.

The company has renewed talks with entertainment companies about participating in the platform, which it is referring to internally as a "channel store", the report said, citing people close to the recent discussions.

The platform has been in the works for at least 18 months and could be available as early as this fall, the report added.

Alphabet did not immediately respond to a Reuters request for comment.

With more consumers cutting the cord on cable or satellite TV and shifting to subscription-based streaming services, the planned launch will allow YouTube to join companies like Roku Inc and Apple in a bid to gain a portion of the already crowded streaming market.

Earlier this week, the New York Times reported that Walmart Inc has held talks with media companies about including streaming entertainment in its membership service.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

PepsiCo confirms Tesla Semi truck deliveries to start in December
EU crypto rules set to cap dollar-pegged stablecoins
Biden signs order to implement EU-U.S. data privacy framework
National Scam Response Centre – urgently needed to stop millions lost to scams
India's IT hub directs Uber, others to stop three-wheeler services
Budget 2023: NSRC set up to combat rising online scams
Budget 2023: Keluarga Malaysia to enjoy faster Internet speed, cheaper 5G
Budget 2023: Mixed reaction towards lower allocation for esports
Stellantis to halt production at Melfi plant in Italy next week - union
India's RBI to soon commence pilot project of digital rupee

Others Also Read