YouTube Launches Subscription TV Service, YouTube TV

YouTube announced a new live TV streaming effort called YouTube TV this morning, at a big event at YouTube Space LA in Playa Vista, which was streamed to YouTube's offices in San Francisco and New York. According to YouTube, the new, live experience will feature live TV streaming from ABC, CBS, FOX, NBC, ESPN, regional sports networks and dozens of popular cable networks, a "cloud DVR" service with no storage limits, ability to play video on mobile, tablet, and computer screens, as well as up to six accounts. According to YouTube, the new service will cost $35.00 a month, and initially will only launch in a small number of markets.