According to the Financial Times, Google intends to launch a pay per view YouTube movie service before the end of the year. It seems that Google have been in talks with a range of Hollywood movie studios for a couple of months. And the plan is to launch a world-wide service in 2010.
YouTube is a video-sharing site on which users can upload, share, and view videos. Three former paypel employees created YouTube in February 2005. In November 2006, YouTube, LLC was bought by Google Inc. for $1.65 billion, and is now operated as a subsidiary of Google. The company is based in San Bruno, California, and uses Adobe Flash Video technology to display a wide variety of user-generated video content, including movie clips, TV clips, and music videos, as well as amateur content such as video blogging and short original videos. Most of the content on YouTube has been uploaded by individuals, although media corporations including CBS, BBC, VEVO and other organizations offer some of their material via the site, as part of the YouTube partnership program.
Now, YouTube is expanding into the movie business and offering web surfers free access to full-length films from major studios like MGM, Sony PIctures and Lionsgate.
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More surprises for us is that about400 films are currently available in categories like animation, documentary, horror, drama, action, Hollywood, comedy and drama. And also there are advertisements preceding the films, which are presented in a standard YouTube window that will be familiar to viewers. Ratings and warnings about drug use or violence in the films also appear before the stream begins. Some more recent films, like Crouching Tiger, Hidden Dragon, are also becoming available as deals with studios are finalized. A statement from YouTube executive Donagh O’Malley also hints that full-length television shows could also become available.
YouTube is said to be launching a full-blown movie rental service by the end of the year. The new service would stream movies from major Hollywood studios and would leverage Google’s might in search and online videos.
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