Watch out, cable TV. Today YouTube shared it's newest subscription service -- YouTube TV -- with a hundred or so journalists at a live event at the company's headquarters. This is different from YouTube Red, the subscription version of YouTube enjoyed by at least 1.5 million people and focuses mostly on ad-free access to short-form videos along with a few exclusives. Instead, this new service is aimed squarely at pay TV. It does so by offering three things that cable TV has previously been best at:
- Live TV. YouTube announced deals with the major broadcasters -- CBS, NBC, ABC, Fox -- as well as a slew of cable programmers. Like with earlier over-the-top (OTT) TV providers Sling TV and PlayStation Vue, the content can be watched live, on an Android or Chrome device, or on a TV via a Chromecast and one assumes other devices soon enough.
- Cloud DVR. This is the new thing that all OTT TV services specialize in and some traditional cable packages -- like Xfinity from Comcast -- also offer. YouTube's DVR is unlimited and can record multiple shows at the same time.
- Sports. Yep, ESPN is one of the main reasons people still pay for TV and to succeed any OTT TV service has to have it. That ice was already broken by Sling TV, giving YouTube TV a way in to what used to be the most closely guarded part of the pay TV business.