Google closes YouTube to produce original shows and TV shows



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Google closes YouTube to produce original shows and TV shows

The YouTube service management decided to abandon the original series release and leave the competition with Netflix, Amazon Prime and others services. More work on the Origin and Overthinking projects with Kat & June stopped, and the series itself – canceled.

The main reason for this step is the high cost of producing high quality content. Moreover, in this segment there is quite a strong competition, which only intensifies over time. Apple should announce today its own television streaming service. And in the original content production this year alone, she plans to invest about $ 2 billion.

As expected, YouTube Premium subscription will continue to exist, but emphasis will be placed on music. However, YouTube is planning to continue creating original video content. But these will be joint projects with YouTube's own authors, not expensive TV series filmed with the involvement of Hollywood studios and stars.

Source: The Verge

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