YouTube unveils paid version of its video-sharing service

The new version of the site will be advertisement-free and will be available later this month

YouTube has announced a paid version of the website. Pic: Getty

YouTube are providing viewers with a paid version of their online video-sharing service.

Google, which owns YouTube is hoping the new paid version of the site will provide a new source of revenue for parent company Alphabet as the internet giant tries to make the website more profitable and fend off competition from other premium content sites.

The new service, called YouTube Red, will cost $9.99 (€8.81) a month and is available beginning ...