Y

YouTube reportedly planning to invest ‘hundreds of million’ on Red originals

YouTube reportedly planning to invest ‘hundreds of million’ on Red originals

The originals game is heating with a new contender getting big stacks of cash ready. While Facebook and Netflix are reportedly spending billions on new original programming, YouTube is also looking to invest further into original programming.

Sources told Bloomberg that YouTube is only spending “a few hundred million” on original shows for Red this year. That’s not a lot considering its competition is spending in the billions rather than just a few hundred million. Unlike the competition though, YouTube also has a live TV service going for it that it’s working to continuously expand.

Google is reportedly taking a “wait and see” approach with its investments this year. There’s a chance that if things go well for YouTube with its first round of investments, it could potentially reach the billion mark as it sees further success. That being said, some of the biggest stars on the platform have been getting negative spotlight in recently headlines.

YouTube previously put a hold on Logan Paul‘s projects for Red because of his controversial shooting video in Japan’s “suicide forest,” and that’s just one example.

Hamza Khalid

Hamza Khalid is the Lead Editor at The Jolt Journal. You're more than welcome to follow him on Twitter and follow The Jolt Journal on Twitter and Facebook. If you have any questions, concerns, or need to report something in this article, please send our team an email at [email protected] This story may be updated at any time if new information surfaces.

At The Jolt Journal, no one tells us what to write or how to write it. This is why, in the era of lies and bias, readers turn to an independent source. Rest assured, all information on our website is free of any bias or influence. If you see anything wrong with a story, please don't hesitate to reach out. We do our very best to report on the latest available information.

Leave a Reply