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On August 10, 2015, Google announced that it was creating a new company, Alphabet, to act as the holding company for Google, with the change in financial reporting to begin in the fourth quarter of 2015. You Tube primarily uses the VP9 and H.264/MPEG-4 AVC video formats, and the Dynamic Adaptive Streaming over HTTP protocol.
Previously, viewing You Tube videos on a personal computer required the Adobe Flash Player plug-in to be installed in the browser.
The vast majority of its videos are free to view, but there are exceptions, including subscription-based premium channels, film rentals, as well as You Tube Red, a subscription service offering ad-free access to the website and access to exclusive content made in partnership with existing users.
As of February 2017 According to a story that has often been repeated in the media, Hurley and Chen developed the idea for You Tube during the early months of 2005, after they had experienced difficulty sharing videos that had been shot at a dinner party at Chen's apartment in San Francisco.
The site's owner, Universal Tube & Rollform Equipment, filed a lawsuit against You Tube in November 2006 after being regularly overloaded by people looking for You Tube.
On March 31, 2010, the You Tube website launched a new design, with the aim of simplifying the interface and increasing the time users spend on the site.
With this new feature, You Tube began a switchover to H.264/MPEG-4 AVC as its default video compression format. In July 2010, You Tube announced that it had launched a range of videos in 4K format, which allows a resolution of up to 4096×3072 pixels.
You Tube videos are available in a range of quality levels.
Video captions are made using speech recognition technology when uploaded.
Such captioning is usually not perfectly accurate, so You Tube provides several options for manually entering the captions for greater accuracy.