[UPDATE] January 11, 2017 3.24 a.m. EST: Shortly after YouTube announced it was "looking at further consequences" following Logan Paul's "Suicide Forest" video, the streaming company has revealed exactly what those consequences are.

Firstly, Paul has been removed from the Google Preferred system, which connects the most-viewed channels with brand advertisers, a move which will severely hurt the star's revenue potential.

Secondly, all of Paul's original YouTube Red deals have been put on hold, including his role in the upcoming movie, The Thinning: New World Order and the comedy series Foursome.

Read YouTube's full statement about the video below.

YouTube has released an official statement regarding Logan Paul's controversial "suicide forest" video, writing that it is "looking at further consequences."

The video, which received millions of views before it was taken down, showed the body of an apparent suicide victim in Japan’s Aokigahara forest, prompting widespread outrage. Logan Paul has since apologized, but now faces renewed criticism over other "tasteless" Japan videos.

In an open letter on Twitter, YouTube wrote: “Many of you have been frustrated with our lack of communication recently. You’re right to be. You deserve to know what’s going on.

"Like many others, we were upset by the video that was shared last week. Suicide is not a joke, nor should it ever be a driving force for views. As Anna Akana put it perfectly: "That body was a person someone loved. You do not walk into a suicide forest with a camera and claim mental health awareness."

The company continued, "We expect more of the creators who build their community on @YouTube, as we’re sure you do too. The channel violated our community guidelines, we acted accordingly, and we are looking at further consequences.

"It’s taken us a long time to respond, but we’ve been listening to everything you’ve been saying. We know that the actions of one creator can affect the entire community, so we’ll have more to share soon on steps we’re taking to ensure a video like this is never circulated again."

If you or someone you know is having suicidal thoughts, please talk to someone. In the UK, Samaritans can be contacted on 116 123. In the U.S., the National Suicide Prevention Lifeline is 1-800-273-8255.

  • Main & Featured Image:Image Group LA/ABC via Getty Images

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