YouTube reportedly plans to spend ‘hundreds of millions’ on Red originals

YouTube reportedly plans to spend ‘hundreds of millions’ on Red originals

While Facebook and Netflix are (reportedly) spending billions on new programming, YouTube is said to be holding its investments at current levels. Google’s video wing is only spending “a few hundred million” on original shows for Red this year according to Bloomberg‘s sources. Other details are scant, but unlike the competition, YouTube also has a …