Trending: Blue Origin, ULA and Northrop Grumman weigh in on multibillion-dollar SpaceX rocket lawsuit

YouTube unveiled a new live TV service on Tuesday, setting up another major threat to cable and satellite companies.

This service, launching this spring, will offer a bundle of more than 40 broadcast and cable channels for $35 a month. Customers can stream shows from ABC, CBS, NBC, ESPN and FX, among others. Showtime or Fox Soccer Plus can be added on at an additional cost. The plan allows for up to six accounts.

Customers will be able to watch shows on any of their devices through a standalone app, or stream it to their TV via Chromecast.

With YouTube TV, viewers can also record live shows onto a “cloud DVR” to view later. There’s no limit on the number of shows you can record, and they can be saved for up to nine months.

Google-owned YouTube isn’t alone in this “skinny bundle” TV model. Hulu is currently building the lineup for its soon-to-be launched live TV service. Last month, the company reportedly signed a deal to include CBS channels in its bundle.

There’s also AT&T’s DirecTV Now; Sony’s Vue; Dish’s Sling; and other similar streaming services.

These companies are looking to tap into a younger audience that relies on streaming services rather than traditional cable to watch TV programming. A report released in December 2015 found that sites such as Netflix or Amazon Video were nearly as popular as cable or satellite. Last month, Netflix announced it had added more than 7 million new members in the last quarter of 2016.

“There’s no question that millennials love great TV content, but what we’ve seen is they don’t want to watch it in the traditional setting,” YouTube CEO Susan Wojcicki said at a press event Tuesday.

YouTube didn’t say exactly when YouTube TV will be available, but you can sign up for updates here. 

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline

Comments

Job Listings on GeekWork

Find more jobs on GeekWork. Employers, post a job here.