Playa Vista online media company Fullscreen Inc. will launch a paid video-subscription service on April 26.

The $5-a-month subscription service is a sort of cross between a video-streaming service such as Netflix and a YouTube multichannel network. The streaming service will include feature films, scripted and unscripted shows, as well as content from social media content creators.

Fullscreen got its start in 2011 as a YouTube multichannel network, selling advertising on behalf of independent video creators. The firm has since branched out onto other social media platforms such as Facebook and has started producing shows for linear television as well.

“This is for an audience that we know and love – a generation of young people that grew up with online video and social media,” Fullscreen Chief Executive George Strompolos said in a statement. “The phone is their primary screen and they look up to an entirely new breed of creators and stars.”

Fullscreen’s subscription service is several dollars cheaper than existing services such as Netflix, Hulu, Amazon Prime, and YouTube Red.

The new service is targeted at audiences between the ages of 13 and 30, and it will feature more than 800 hours of content, including numerous television shows and movies produced in the 1990s that it has licensed such as “Dawson’s Creek,” “Saved by the Bell,” and “Daria.”

Technology reporter Garrett Reim can be reached at [email protected]. Follow him on Twitter @garrettreim for the latest in L.A. tech news.