Tuesday, April 26, 2011

YouTube to Launch Streaming Video Service?

YouTube is launching a movie-on-demand service, TheWrap reports.

Major studios including Sony Pictures Entertainment, Warner Brothers and Universal are said to have licensed their movies for the new service, as have numerous independent studios, including Lionsgate and the library-rich Kino Lorber.

YouTube already sees 130 million monthly users, giving the site a huge potential buyer base.

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