Although Google has yet to officially announce it, we have known that YouTube would be adding a paid subscription service as one of its offerings for some time now, however as nothing has been made official yet, we don’t really now when.
However sources that claim to be familiar with the matter have told The Verge that the company will be releasing these new subscriptions within the next few months.
This is backed up today by a letter that the company has sent out to a number of YouTube partners explaining their new terms of service which will include their paid subscription service, here’s a quote from that letter:
We’re excited to build on this momentum by taking another big step in favour of choice: offering fans an ad-free version of YouTube for a monthly fee. By creating a new paid offering, we’ll generate a new source of revenue that will supplement your fast growing advertising revenue.
The Verge also revealed that the service will be available to creators of popular channels and will come with not only ad-free channels, but as the ability to store videos offline. The Verge also claims that the subscription fee will cost around $10 a month in the US, and will allow creators to cut off subscribers who don’t pay that fee, blocking them off with a pay wall.
For this YouTube is said to be offering partners a 55 percent cut in all of the subscription money, however many off the creators cuts will only be proportioned based on how much time their viewers spend watching their channels, so subscriptions might not be a new income generator for many content creators.
That said, sources talking to The Verge are claiming that creators will be forced to participate in the new subscription service or their channels will be set to private, something which if true could become bad fast for YouTube.
Here’s that letter that we spoke about earlier:
And here is a snippet taken from the new terms explaining YouTube’s cut:
As of yet nothing is official on paid subscriptions for YouTube, however when we do find out more we will let you know.
Via: The Verge