What could be a major player enters the field of streaming TV.

FOX's Lisa Brady reports: 

The site once best known for how-to's and cat videos...

Becomes the latest internet alternative to cable TV. YouTube, which is owned by Google's parent company-Alphabet, will offer YouTube TV, streaming some 40 channels for $35 a month.

That would set up six customizable accounts, each with its own Cloud-DVR storage. Though it'll launch in just a handful of cities at first, and so far doesn't include some popular channels, like HBO, even for an extra fee.

Like the existing alternatives AT&T's Direct TV Now, Dish Network's Sling, and Sony's Playstation Vue. It targets viewers who either cut the cable cord or never had it.

Hulu also plans to launch streaming TV service this year.

Lisa Brady, FOX News.