Google has been investing even more in the future of its $1.6B acquisition YouTube, which is ramping up original content and recently launched a raft of paid subscription channels. The company has poured unspecified millions into a revved up 41,000 square foot production studio the size of a hangar in West Los Angeles dubbed YouTube Space LA, reports FT. There, studio space, greenscreen, and editing equipment is available for use for free to elite YouTube content creators and channel operators who can also improve their skills at Space-hosted workshops. Google’s got a reported 11-year lease on the grounds which is already in use by many of the video site’s original content makers.
- Social & Online Media