The report first appeared in AdAge and citing sources familiar with the move, suggested that YouTube has already reached out to a select number of channel producers asking them to submit applications to create paid-channels.

According to online reports, Most Popular video-sharing website By YouTube might soon start to charge it’s users for some of the content on it’s website as it plans to offer paid subscriptions for individual channels starting second quarter of this year.

It is being said that initially, the paid channels would cost anywhere between $1-$5 per month along with this, YouTube could also start charging for content libraries and access to live events as well as self-help or financial advice shows. Though it isn’t clear that which channels has YouTube contacted as of now for this new service, but the report suggests that YouTube is in talks with highly-popular channels regarding the new system.

No clear time frame is set as of now, as to when will YouTube start this service, but one of the sources suggests AdAge that these paid channels could be introduced for general public at the Digital Content New Fronts in late April, where digital-media companies such as YouTube, AOL and Yahoo host advertisers for presentations announcing new online-video series.

The new service will surely offer users an alternative to the conventional Television and might end up being cheaper in the long run as the viewers would only need to pay for a few subscriptions on YouTube as opposed to a conventional cable TV. For Google, it would mean increased ad revenue and also, the providers would be able to place ads in their paid channels.