Only one year ago, YouTube announced its push towards original content channels. It invested up to $5M in each of these channels. It has announced today that it is going to cease funding for 60% of those channels, reinvesting in only the remaining 40%.
http://techcrunch.com/2012/11/12/one-year-later-youtube-pulling-the-plug-on-60-of-its-original-content-channels/
http://techcrunch.com/2012/11/12/one-year-later-youtube-pulling-the-plug-on-60-of-its-original-content-channels/
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