“While we don’t
comment on rumor and speculation,
we hope to expand both on our great relationships
with movie studios and on the selection
and types of videos we offer our community.”
Statement made by Youtube
with movie studios and on the selection
and types of videos we offer our community.”
Statement made by Youtube
New York Times has reported that 'YouTube, the largest video site, is in negotiations with major Hollywood studios for a deal that would let its visitors pay to watch full-length movies, according to two people briefed on the negotiations.'
'If an agreement is reached, it would be a major change for YouTube, which has built a huge audience by offering an eclectic collection of free video clips and earns most of its revenue from advertising. It would also put YouTube, which is owned by Google, in direct competition with services from Netflix, Amazon and Apple, which allow users to buy or rent movies online.'
'YouTube, which already offers some older movies on its site free, is talking with Lionsgate Entertainment, Sony and Warner Brothers about making newer ones available, said one person briefed on the talks, which were intended to be confidential.'
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