The new service will include a mix of broadcast (ABC, CBS, FOX, and NBC), regional sports, and cable programming for $35 per month. According to the service’s launch page, subscribers will get unlimited DVR storage, which gives it a huge competitive advantage.

The service will also give subscribers access to YouTube Red originals, a service that’s currently offered at a standalone price of $9.99 a month.

YouTube is freakin’ huge

The service’s announcement comes on the heels of news that people spend a whopping one billion hours watching content on YouTube per day. That figure is about to grow exponentially thanks to the launch of YouTube TV.

What’s cool is the monthly price covers six accounts, so families will be able to share the service between them and get personalized feeds of content. Unfortunately, YouTube TV won’t include Comedy Central or MTV, nor will it offer programming from Turner Broadcasting, which includes CNN, TBS, and TNT. AMC Networks, Discovery Communications, and A+E Networks are also missing from YouTube TV.

YouTube TV is entering into a fiercely competitive space, but considering how much time people spend using the service already, streaming TV sounds like a natural evolution. In addition to SlingTV, DirecTV Now, and PlayStation Vue, Hulu is also expected to launch a streaming TV service later this year.