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YouTube launches paid channels, promises more

YouTube on Thursday launched a pilot program of paid channels for its online video service, calling it part of an effort "that enables content creators to earn revenue for their creativity."YouTube on Thursday unveiled its first subscription channels as the Google-owned video service made a long-anticipated move to include pay channels to encourage professional content. The move puts Google into direct competition with online services such as Netflix and Hulu, which offer subscription-based services and have been luring viewers away from cable and broadcast TV.