Wednesday, April 27, 2011

YouTube Exploring Movie Rental Business

From Martin Johnson:

YouTube is prepping an expansion of its movie rental service that will include selections from major movie studios and serve as a serious competitor to Apple's iTunes, according to a report. Sony Pictures Entertainment, Warner Brothers, and Universal, as well as Lionsgate and Kino Lorber have all agreed to allow YouTube to rent their films. 
"We've steadily been adding more and more titles since launching movies for rent on YouTube over a year ago and now have thousands of titles available. Outside of that, we don't comment on rumor, or speculation," a YouTube spokesman said via email.
YouTube has been dabbling in movie rentals for more than a year, but it has not become a major focus for the Google-owned video site.

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