Apr 19, 2016 11:58 AM EDT

YouTube Increases Profits By Releasing 360-Degree Live Stream Features

YouTube is setting up a new pace and trend by releasing a new feature. To increase profits and revenues, YouTube is forecast to release its 360-degree live stream features.

A former post from Techcrunch, "YouTube will today begin supporting 360-degree live streaming on its service, confirming reports from earlier this year stating that such a feature was in development and one of the first videos to take advantage of this more immersive format will be this year's live stream from music event Coachella, where select performances from the festival will now be live streamed in 360 degrees." The new innovation is also placing YouTube at the top of the pedestal since the fresh upgrade is the first of its kind that utilizes live streaming, spatial audio at such unparalleled scale.

Meanwhile, "Spatial audio means playing sounds the same way people actually hear or as YouTube explains, it's about letting you listen as you do in real life where depth, distance and intensity all play a role," explains Neal Mohan, Chief Product Officer for YouTube.

However, as YouTube sets the pace on a different scale, it has been noted that Google is taking the same path as YouTube. Google had already been rolling out support for spatial audio elsewhere in its product line, including most importantly, for its VR platform, Google Cardboard, which is why it's not surprising to see the technology being expanded on YouTube, according t the same post.

On a different note, this is not the first innovation that has pushed Google to compete with other programs and platforms. Jobs & Hire previously mentioned that Google has improved and augmented its other programs as well such as its Google voice.

The mere move of YouTube to integrate the 360-degree live-stream features is forecast to bring about more profits and revenues for the platform and it is just a matter of time before others will follow YouTube's innovations.

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