Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

YouTube denies report of plans to cancel high-end dramas, comedies

Published 25/03/2019, 02:47
Updated 25/03/2019, 02:47
© Reuters. Silhouettes of laptop and mobile device users are seen next to a screen projection of Youtube logo in this picture illustration

(Reuters) - YouTube has denied that it is cancelling high-end dramas and comedies on its paid service platform, refuting the claims made in a report earlier on Sunday.

A Bloomberg report said, citing sources, that the platform has stopped accepting new pitches for high-budget scripted shows and that it had canceled high end dramas and comedies.

YouTube, owned by Alphabet (NASDAQ:GOOGL) Inc's Google, has several high-end dramas and comedies currently in production and will soon reveal new and returning series, a YouTube representative told Reuters late on Sunday in an emailed statement.

The platform also denied that its head of original productions Susanne Daniels and a former MTV executive hired by YouTube in 2015, is looking to move on from her position.

"While it's strangely flattering to be the topic of Hollywood gossip, please know I am committed to YouTube and can't wait to unveil our robust slate of new and returning originals," Daniels was quoted as saying in the statement.

© Reuters. Silhouettes of laptop and mobile device users are seen next to a screen projection of Youtube logo in this picture illustration

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.