Popular video-sharing app YouTube is now making waves as it tries to compete with Amazon in an aggressive manner. This would reportedly be done through one of its most popular and profitable streaming transition services, the company was seen mentioning.
For those who might not be aware, Amazon Prime Video gives its valued members a huge number of films and television shows alongside programs that receive licensing through Hollywood. This is done through a classic route called Prime Video Channels. It’s known to provide subscribers with easy means to click past it while signing a range of offers by numerous firms.
Amazon ends up taking a massive 50% share from subscription fees and in the end, YouTube’s primetime channels are seeking to go head to head with rivals by taking a cut of 40%, if not smaller than that. This news was recently confirmed by The Information.
It’s a decision that tech giant Apple had done in the past but it failed to get a lot of success there. And now, top executives at Apple claim not to be interested in any more new channel incorporations.
Clearly, YouTube has a very top position among those market players in the streaming industry. They continue to mark it as a huge threat to the firm’s business potential and one that’s surely enticing.
Then there was some discussion about how the app’s Primetime Channels are signing up for nearly 45 services as of today and that would feature a figure seen on Amazon such as Starz, AMC, and even the likes of Paramount+ too.
It started to talk about several mainstream offerings as well like the parent firm of HBO Max, which happens to be Warner Bros Discovery for those who may not have known.
Read next: Neil Mohan Reveals YouTube's Record-Breaking $40 Billion Revenue
For those who might not be aware, Amazon Prime Video gives its valued members a huge number of films and television shows alongside programs that receive licensing through Hollywood. This is done through a classic route called Prime Video Channels. It’s known to provide subscribers with easy means to click past it while signing a range of offers by numerous firms.
Amazon ends up taking a massive 50% share from subscription fees and in the end, YouTube’s primetime channels are seeking to go head to head with rivals by taking a cut of 40%, if not smaller than that. This news was recently confirmed by The Information.
It’s a decision that tech giant Apple had done in the past but it failed to get a lot of success there. And now, top executives at Apple claim not to be interested in any more new channel incorporations.
Clearly, YouTube has a very top position among those market players in the streaming industry. They continue to mark it as a huge threat to the firm’s business potential and one that’s surely enticing.
Then there was some discussion about how the app’s Primetime Channels are signing up for nearly 45 services as of today and that would feature a figure seen on Amazon such as Starz, AMC, and even the likes of Paramount+ too.
It started to talk about several mainstream offerings as well like the parent firm of HBO Max, which happens to be Warner Bros Discovery for those who may not have known.
Read next: Neil Mohan Reveals YouTube's Record-Breaking $40 Billion Revenue
