YouTube is launching a live streaming TV service. It is considered as one of many just like Sling, PlayStation Vue and other local cable companies among them. However, YouTube TV will be offering a lot more features than others.

YouTube TV will include a cloud-based DVR that has no storage limits which allows users to record as many shows as they please for later playback. Membership can also offer access to original movies and series featured on YouTube Red, its other subscription streaming service. Customers can also create up to six accounts on just one membership, with up to three streams running at once, according to a report by TechCrunch.

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Subscription will cost $35 per month that includes a free 30-day trial to start. The app can stream on phones, tablets and computers. After paying the first month, YouTube is going to give a free Google Chromecast for users to stream the service to their TVs. A lot of these information were revealed late February when the company announced the service, but a launch date was not provided then.

Everybody knows that there is no perfect way in watching TV. Every type of service suffers from either limited offers, high charge, or restricted access. YouTube TV is no different, the app initially offers about 40 channels to subscribers in five of the largest U.S. markets. The company is also planning to add more channels from different companies to compete against others.

Chicago, New York, Los Angeles, Philadelphia and the San Francisco Bay Area are the ones that have access on the YouTube TV app. It will offer live streaming of ABC, CBS, NBC, and FOX, along with cable channels like USA, Fox News, MSNBC and ESPN. They can also pay extra to get add-on channels like Showtime and Fox Soccer Plus.

It will be a big competition for YouTube TV because others like Hulu has already a large library full of original content along with rights to stream shows on demand. Let us just wait and see on what the company will do in the future.