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According to technology website Wired.com, YouTube will place adverts around the video, although the form of the commercials has yet to be decided.
The site will also offer viewers the ability to chat to one another using Twitter, or to donate to Bono's RED charity via a "donate now" button.
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However, it is not the first time that U2 have dabbled in live streaming - they allowed fans to watch a Boston date of their Popmart tour in 1997 via Microsoft's MSN website.
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