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YouTube planning to Offer Paid Movie Rentals

youtube logoMovie Studios Discuss Ways to Rent Films Over YouTube…

The Wall Street Journal reports that YouTube is deep in discussions with the movie studios to offer both paid (likely $3.99) and ad-supported movie rentals. This would include new releases, which would be new to YouTube.

Lion’s Gate, Sony and Warner Bros are all reportedly discussing such a service with Google (who owns YouTube), although details are thin. Negotiations are still ongoing, so a lot of major issues (will downloads be available? Which films would be ad-supported versus a flat fee? What about TV shows?) are still unresolved. But if YouTube could get a solid, competitive system going, they’d have a fair chance at competing with Hulu, iTunes and Crackle and maybe even turn a profit one of these days.

I think it would be amazing as people like speed of youtube as they might angry paying MegaVideo type for some pirated stuff ;)

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