Reuters and the Wall Street Journal’s original channels will not get a second round of funding, which will lead to some production and editorial freelance contracts not getting renewed, PandoDaily reported.
Reuters launched its ReutersTV channel on YouTube last year, which features 10 news and commentary programs including “Reuters Investigates” and “Media Bite.” It’s not clear whether the cut in funding will have an impact on the actual channel.
A spokesperson for the Wall Street Journal told PandoDaily that despite their contract not getting renewed by YouTube, their WSJ Live YouTube channel will still remain active.
YouTube has invested $150 million to launch 100 original channels ranging from Philip DeFranco’s SourceFed to AwesomenessTV. The video streaming site said it is looking to double down on its investment, but only 40 percent of the original channels will get a second round of funding.
NMR has contacted many YouTube networks about whether their original channels will survive a second round of funding and all of them have either not commented or said that they are still awaiting word from Google. We will update you once we hear from them about their status.
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