@YouTube Denies Report That It’s Exiting #Scripted #Dramas, #Comedies

Los Angeles, CA (Variety) — YouTube claims it is not pulling up stakes from original entertainment — denying a report by Bloomberg over the weekend that the Google-owned video service was cancelling plans for “high-end dramas and comedies” and had stopped taking pitches for “expensive” scripted shows.

In a statement, a rep said, “YouTube denies the report” and cited its upcoming slate that has several scripted projects in development that will be unveiled in the next few weeks. That's likely to be a the Digital Content NewFronts event in New York City, where YouTube is slated to host a presentation on May 2.

YouTube “is steadily building its SVOD business, while also developing new series and formats that will appeal to a global audience through a new ad-supported model that will be in place for all of our series and events by the end of the year,” the rep said.

However, YouTube has canceled plans for two shows it had in development, as first reported by Bloomberg on Sunday: 10-part sci-fi series “Origin,” from the Sony-owned Left Bank Pictures from creator Mika Watkins, and half-hour female buddy comedy “Overthinking with Kat & June,” from Viacom's Awesomeness, starring Tenea Intriago (“Law & Order: … Todd Spangler/@Variety

Source: Variety, full story


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