itwbennett writes "Rumors of original, professionally-produced content channels coming to YouTube are heating up. Earlier this month, the Wall Street Journal reported on it, invoking pro skateboarder Tony Hawk as one of the star attractions. Now The Hollywood Reporter is saying the channels may be launched early next year, with an official announcement coming later this month. 'Originally the story was that YouTube was going to invest $100 million in this content, but now that number has been bumped up to $150 million,' says blogger Peter Smith. 'Does that sound like a lot? Consider Netflix is rumored to be spending $100 million on House of Cards, a single original series that the company is backing. YouTube is said to be delivering 24 channels of original content.'"
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