The Financial Times is reporting the a la carte service could cost as little as $1.99 a month and involve as many as 50 video channels with the company having confirmed plans to create such a service to CNET in February.
According to a source quoted by the newspaper, the service would give Google another revenue stream while allowing channel operators to finance different content production such as movies and TV shows.
YouTube has meanwhile said it has “nothing to announce,” but was: "Looking into creating a subscription platform that could bring even more great content to YouTube for our users to enjoy and provide our creators with another vehicle to generate revenue from their content, beyond the rental and ad-supported models we offer."
In January an AdAge report said that YouTube had approached a number of producers in relation to the paid platform service in the view of having them develop content.
YouTube was also reported to have been targeting including live events, self help and financial advice shows as well as an entire library of videos into its paid-for service.
Soon after the report two lines appeared to Android users.
There were: “You can only subscribe to this paid channel on your computer,” and: “You can only unsubscribe from this paid channel on your computer.”