YouTube Braces for Hollywood, Major Studios Join VOD Rentals Service
YouTube enters the glitz and glamor of Hollywood with its VOD rental service.
According to a report from TheWrap, YouTube – the largest video sharing website in existence – is set to take the videos-on-demand service by storm, as it has recently acquired licenses from Sony Pictures Entertainment, Warner Brothers, and Universal Studios. YouTube’s video-on-demand services will have their movies streamed and rented for home entertainment. The service is set for a release this week or next.
The entry of YouTube and Google into the market is a clear and striking challenge to the current leader, Apple’s iTunes Services. It also provides a new revenue stream for Hollywood studios who are apparently struggling in the home entertainment department.
According to TheWrap, movies will be available to YouTube the same day and date they can be rented at iTunes or video stores.View Article Source »