YouTube has announced that their live TV bundle service will be available within the next few months and that they will offer more than 40 channels.  The service will cost $35 a month.  The new service will be titled YouTube TV.

When the service launches, it will have ABC, CBS, NBC and Fox available, as well as their associated channels, such as ESPN, USA Network, and FX. It will also include 10 sports networks, MSNBC, CBS News, Fox News, Disney channel, Bravo, E!, local channels, and YouTube original TV and film content.

Up to 6 accounts per subscription can be added, and each user will be able to record unlimited shows with its cloud-based DVR.  There will also be no limits to storage. 

Hulu and Apple are also looking to launch similar services sometime in the future.