By Ann Brown
According to Bloomberg, the Google-owned video service was canceling plans for “high-end dramas and comedies.” YouTube, reported Bloomberg, had even stopped taking pitches for “expensive” scripted shows for its subscription video on demand (SVOD) service.
YouTube released a statement that read: “YouTube denies the report” and made mention of its upcoming roster hat included several scripted projects in development. The statement added that YouTube “is steadily building its SVOD business, while also developing new series and formats that will appeal to a global audience through a new ad-supported model that will be in place for all of our series and events by the end of the year.”
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And, says YouTube it is still taking pitches for more scripted projects.
It is true, however, that YouTube has canceled plans for two shows it Click here to read entire article