Google is currently developing a competitor to livestream services Periscope, Facebook Live, and Meerkat called YouTube Connect, an anonymous source has informed VentureBeat.
The app will be available to both iOS and Android users. Once you login with your Google or YouTube account, you can begin streaming right away. Features include chat, tagging, a news feed that displays clips from your friends and anyone you subscribe to on YouTube, and broadcast storage. Videos can be viewed on YouTube in addition to within the app itself.
There's no estimated launch date as of yet, but speculation says between now and May is entirely plausible.