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YouTube plots online TV service

YouTube is planning to launch an online TV service as soon as next year and is said to have already held discussions with the likes of Viacom and 21st Century Fox over the venture.

Other parties involved in talks include Comcast’s NBCUniversal and CBS, but terms have not yet been agreed, according to a Bloomberg report that cites people familiar with the matter.

The subscription service, dubbed Unplugged, will look to bundle cable TV channels together. It forms part of the video platform’s continued diversification strategy that has already seen it launch subscription service YouTube Red.

While this is not the first time YouTube has been linked with plans to launch a TV streaming service, Bloomberg notes that it is the first time a name and details of the plans have emerged.

Apple and Amazon are also said to be preparing a similar service, while other tech firms are already confirming their plans, such as Hulu, which announced its intention to stream live TV by 2017 at its Upfront earlier this week.

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