In late February, YouTube unveiled its live TV service called YouTube TV, which offers live TV streaming over the internet for $35 per month with no long-term contract required. The company has officially launched the service today in five select markets: New York, Los Angeles, San Francisco Bay Area, Chicago, and Philadelphia. YouTube says that more markets are coming soon, however, details on when/where are scarce. PhoneDog reports: A membership to YouTube TV costs $35 per month and includes live streaming of channels like ABC, CBS, Fox, NBC, ESPN, and others. Subscribers also get an unlimited cloud DVR for recording shows that’ll last up to nine months, and six accounts that each get their own recommendations and cloud DVRs. YouTube is offering a free one-month trial of YouTube TV so that everyone can give it a try. After your first paid month, YouTube will give you a Google Chromecast to thank you for sticking with the service. Source: YouTube Official Blog Read more of this story at Slashdot.