According to another source speaking with The Daily Dot, YouTube has created a "formidable team" of around 50 engineers to help re-launch the site's livestreaming platform.

That "is a pretty big statement of intent," one source added. "The time is right as well, with Twitch moving into other areas such as music and so on. Google doesn't want to be too far behind in the arms race."

Finally, The Daily Dot's sources said YouTube may make an official announcement regarding its updated livestreaming platform at E3 in June.

YouTube declined to comment when approach by The Daily Dot. We've also reached out to YouTube for comment. We'll update this post with anything we hear back.