YouTube has denied reports on plans to cancel high-end dramas and comedies on its paid service platform.
Earlier Bloomberg reported that the platform has stopped accepting new pitches for high-budget scripted shows.
YouTube has several high-end dramas and comedies currently in production and will soon reveal new and returning series, says report.
There is direct competition with Netflix Inc. and Amazon.com Inc.’s Prime Video service.
The platform also denied reports that its head of original productions Susanne Daniels and a former MTV executive hired by YouTube in 2015, will quit from his position.
Netflix is the world’s leading internet entertainment service with 139 million paid memberships in over 190 countries enjoying TV series, documentaries and feature films across a wide variety of genres and languages.