Are you ready to pay to watch videos on Youtube? If you are not, then you will miss out on some of the greatest videos and well produced shows on the video sharing website…

Starting this week, Youtube will roll in its pay to view ( paid subscription) channels where viewers will only be able to get access to the channels in the scheme if they make some monetary payment…

It seems some of us will say goodbye to Youtube a little early as paying to watch videos is not in our current budget!

Mail Online Reports;

You may soon have to pay to watch videos on YouTube.

The video site, owned by Google, is set to launch a paid-for subscription service later this week that will charge users to access content on some of its specialist channels.

According to reports in the Financial Times, a single-channel subscription is expected to cost £1.28 ($1.99) a month and will apply to as many as 50 YouTube channels.

Paying customers will be able to get access to exclusive videos, TV shows and films from select specialist channels.

Paying a subscription may also remove adverts from free videos.

YouTube revamped the site and introduced channels in December 2011.

In October 2012, the site launched 60 partner channels, including BBC Worldwide On Earth, ITN, the Jamie Oliver Food Channel and Mixmag TV.

Other partners include Channel 4 and Film 4, Howcast and The Onion.

It is not yet known which of these partner channels will be included in YouTube’s subscription service when it launches.

A ‘person familiar with the plans’ told the FT that the channels will show archived content or exclusive previews and clips.

The extra money is also expected to fund new TV and film shows that will be shown exclusively online.

Paid-for subscriptions are an alternative way for YouTube to make money, in addition to its advertising revenues.

The new channels have helped expand YouTube’s audience to 1bn users who watch 6bn hours of video each month.

YouTube hasn’t confirmed the paid-for subscription plans, but a Google spokesman said: ‘We’re looking into creating a subscription platform that could bring even more great content to YouTube for our users to enjoy and provide our creators with another vehicle to generate revenue from their content, beyond the rental and ad-supported models we offer.’