Youtube to stream New Release Movies on a Rental Basis
Google is reportedly preparing a movie rental service for YouTube, the Wall Street Journal reports.
YouTube is talking to Lions Gate Entertainment Corp., Sony Corp., Metro-Goldwyn-Mayer Inc. and Time Warner Inc.’s Warner Bros. about charging for new titles on the existing YouTube site.
Rentals will likely cost $3.99 per film, with studios getting a 70% cut. YouTube will host the titles on the same day as their DVD releases.
Another move towards media supremacy..Â Â
I love it.