The biggest video hosting site on the planet, YouTube, has now announced they will be providing a TV service to their users. Below the confirmed list of providers:

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 According to the official blog post:

Live TV streaming from ABC, CBS, FOX, NBC, ESPN, regional sports networks and dozens of popular cable networks. YouTube TV gives you the best of live TV, from must-see broadcast shows like “Empire,” “The Voice,” “The Big Bang Theory” and “Scandal,” to the live sports you want. YouTube TV includes major sports networks like ESPN and regional sports networks like Fox Sports Networks and Comcast SportsNet, so you can watch your favorite NBA or MLB teams. We’ve also partnered with local TV stations, so you’ll also get sports and local news based on where you live. And YouTube TV offers dozens of additional cable channels, so you won’t miss out on the latest news from MSNBC or Fox News, popular shows and movies from USA or FX, kids programming from the Disney Channel or Sprout, or reality TV from E! or Bravo. You can also add Showtime, or Fox Soccer Plus to your networks for an additional charge. In total, YouTube TV gives you access to more than 40 networks, listed below.

 YouTube TV will also include unlimited cloud storage in a DVR format:

With YouTube TV, you’ll be able to record live TV and never run out of storage. Your cloud DVR can record as many shows as you want, simultaneously, without using precious data or space on your phone and we’ll store each of your recordings for nine months.

Also confirmed are YouTube Red Origional content, up to six accounts, and a service which works across all screens. 

While this service doesn’t include a lot of networks on cable such as AMC, HGTV, Comesy Central or HBO, it points out a growing problem in the streaming service area; it’s hard providing content to users and at the same time undercutting the cost of cable. 

To combat this problem, YouTube seems to be launching the new service in select markets, I’m guessing it’s to see what channels their users prefer the most. Right now, there are many steaming services offering up their cut in the growing streaming market such as Netflix, Hulu, and even Sony’s PlayStation Vue. 

One theory is if you give consumers choice, they’ll what what interests them at a lower cost than what cable companies can offer. YouTube already has a leg up on the competition because of the site traffic they already have from their users. 

The service won’t be available everywhere at launch, but you can sign up for news on when it will come to your market at tv.youtube.com. 

What do you think of this new service?