Yesterday, YouTube made a large announcement and a first for the company with the launch of YouTube Red, a premium subscription service for the video streaming platform that offers some new features that users have been requesting for quite some time.
Priced at $9.99 per month, YouTube Red offers three key benefits: ad-free streaming of all YouTube content, the ability to save clips for offline playback and the ability to resume video playback when multitasking on other apps or when your screen is turned off.
This is a large move for YouTube as their business model marks the beginning of a shift from a purely ad-based system to that of one that generates revenue from user contributions.
As a part of the YouTube Red launch, new terms of service have been pushed for content creators that must be accepted to continue their revenue-sharing partnership with the service.
If these terms are not accepted, content creators will find themselves with a loss of monetization opportunities on all uploaded content and this is causing some controversy within the YouTuber community.
Source: YouTube (Red)