WWE will be part of a new initiative announced by YouTube featuring 100 different channels to compete with TV providers by creating professionally-produced shows for channels on the sit. The content will be created exclusively for YouTube. YouTube spent $150 million in advances, with a maximum of $5 million going any individual channel (such as WWE). YouTube will receive as much as 55 percent of ad revenue from the entities.
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Is Z True Hollywood Stories going to be official Youtube content now?
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