Youtube launches TV-service for $35-month

8 years ago - Published in Finance, Fundamental Analysis

After many months of rumors, YouTube has officially announced its entry into streaming live TV. YouTube TV will let you access live and recorded content from major networks, both the big broadcast players as well as some options typically found on cable. 
"Half the cost of cable with zero commitments" said the announcement. For $35 a month, YouTube TV will include live streaming of ABC, CBS, NBC, Fox, ESPN and about 30 of the biggest cable TV channels.

The new service will be available later this spring to customers in the US with no contract; that lets up to six users access content whenever they want.

All of this will be coupled alongside YouTube's existing content, and it'll work on nearly any screen that YouTube is available on.  "Your cloud DVR can record as many shows as you want, simultaneously, without using precious data or space on your phone and we'll store each of your recordings for nine months," Google said.

YouTube CEO Susan Wojcicki told Bloomberg that YouTube TV is designed to be "great for sports lovers" and that it will include pro and college football, basketball, baseball, and other sports.

"YouTube TV includes major sports networks like ESPN and regional sports networks like Fox Sports Networks and Comcast SportsNet, so you can watch your favorite NBA or MLB teams," YouTube said in a press release. "We've also partnered with local TV stations, so you'll also get sports and local news based on where you live."