Why It Appears Google's YouTube Cloaks

Aaron Wall says that if you're YouTube "you can put whatever you want behind a subscribe wall, still have that registration-required/paywall content fully indexed in Google, and then force users to sign in to view the content."

He rants about the process, analyzes the situation to determine if VEVO has anything to do with the program, offers a solution, and later adds a note from a call with Google's Matt Cutts to explain why it happens.
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