YouTube is the largest platform for sharing videos, it's available in many platforms and Google is constantly adding new features to make it better. Recently, the company launched their subscription service called YouTube Red, which allows users to watch videos without advertisement interruptions. Plus, the $9.99 monthly subscription also gives access to the recently service dedicated to music among other benefits. The company will use that revenue to support video creators, so they can upload better content. A bunch of original series and movies will be available next year for those who subscribe, and while that content might be good, executives from YouTube are reportedly talking to studios in Hollywood to licensing their content and start streaming it to better compete with services like Netflix, Hulu, and Amazon Video.
The report comes from The Wall Street Journal, and apparently YouTube wants to add such content from major studios as part of their subscription service. The possible deal is still in an early stage and the report doesn't include any names of the studios that could collaborate with YouTube. Apparently, there's one particular studio that is interested in hearing about the licensing proposal from YouTube, but there aren't many more details. YouTube is related to Google Play when it comes to the deal makers, so YouTube is working with some of the partners of Google Play to negotiate with the studios, which might be an advantage.
In case the deal is made, it's also unknown if they would create original series and movies or if they would show reruns of classic shows or blockbuster movies. The content from these studios would certainly make YouTube Red an even more compelling service, although the content from independent creators should not be underappreciated. YouTube recently gained support for VR video, this format provides a more immersive experience, so it would be interesting to see this kind of content. More companies are investing in VR, so we could probably see more dedicated headsets next year, but just like with 3D, the camerawork, and some techniques would have to change to make this content something worth watching, and YouTube could certainly function as a channel to make experiments.