YouTube testing new hub of free, ad-supported streaming channels, WSJ reports

Alphabet’s (GOOGL) YouTube platform is in talks with entertainment companies about featuring their shows and movies in a new hub of free, ad-supported streaming channels and is testing the concept with a small number of media partners, people familiar with the matter tell The Wall Street Journal’s Sarah Krouse, Jessica Toonkel and Tom Dotan. YouTube could launch the offering more broadly later this year and adding such a hub would put it in competition with the likes of Roku (ROKU), Paramount’s (PARA) Pluto TV and Fox Corp.’s (FOXA) Tubi, the report noted. Reference Link