It is understood that BBC Worldwide would supply the branding and content for the venture.
The two companies are expected to announce an agreement later today, when Google chief executive Eric Schmidt visits the World Economic Forum in Davos.
The deal could also stretch to the supply of content for Google Video, which offers pay-per-view and pay-per-download options. It is not yet clear how Google plans to go forward with its two online video brands.
2006 was a banner year for YouTube. The video sharing site launched in February 2005 and had claimed over 40 per cent of the online video market share by May.
Google agreed to purchase the video sharing site in October for $1.65bn in stock.
- Google closes YouTube acquisition
- YouTube takes down 29,000 videos
- Google YouTube success 'not a given'
- YouTube serving 100 million videos a day
US space agency believes the crater could have preserved ancient organic molecules from the water that flowed there billions of years ago
Valve quietly closes down hardware initiatives launched following Windows 8
Scientists create a virtual reality simulation of a black hole sitting at the centre of the Milky Way
Simulations like this can help people understand complicated systems in the universe in a better way
The most luminous galaxy ever discovered is cannibalising at least three of its smaller neighbours, study finds
The galaxy radiates at 350 trillion times the luminosity of the Sun