YouTube is being completely re-imagined into a play-anywhere, device-agnostic, multi-channel network. Forget about a future with 500 TV channels. In the new YouTube landscape, you'll have 500 million channels -- and the company believes you'll spend as much time watching as you do broadcast TV.
Source: http://www.wired.com/gadgetlab/2012/08/500-million-youtube-channels/
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