"Following the Netflix business model, YouTube Red will attempt to attract customers by offering original content, such as film, TV shows and documentaries unavailable elsewhere.

YouTube chief business officer Robert Kyncl said the service — which launched in the US in late October for $US9.99 a month — hoped to rival Netflix, Stan and Presto."

Read the full story here: http://www.news.com.au/technology/home-entertainment/tv/australian-launch-of-youtube-red-on-track-for-release-later-this-year/news-story/add4db0a214878554c93d59975919b6d