Are You Ready To Pay For YouTube?

The Financial Times reports that the long-rumored paid subscription model is coming to YouTube as early as this week. The strategy will help YouTube compete not only with other online outlets like Netflix and Hulu but also with major networks like CBS. However, it's also a sea change in the site's approach to content, since YouTube has always been a destination for endless amounts of free user-generated content. Don't worry, though. Most of it will still be free — for now anyways.

According to the FT's Matthew Garrahan and Andrew Edgecliffe-Johnson, the new paid subscription platform is in the final stages of development and "will apply to as many as 50 YouTube channels." [...]