$3.99 Movie Rentals on Youtube!!!

by Shantel Hernandez    

YouTube is talking to Lions Gate, Sony, and Warner’s Brothers about streaming new movies for a rental fee of $3.99-the same price as Apples SD movie rentals.  Even more interesting is talk of getting some titles online day and date with the DVD releases. YouTube would be competing with Apple, Amazon, Netflix, etc. If successful in striking deals with movie companies, YouTube would have a range from free user-generated videos, at the low end, to pay theatrical movies, at the high end. YouTube beats out most other sites for unique viewers and usage. The domination YouTube has, over a large number of video-watchers, is what movie studios now want, since DVD sales have been weak. Negotiations are continuing and there are no guarantees a deal will be struck. If a deal is made it will most likely be in the U.S., even though YouTube is popular in other countries. Google, who purchased YouTube for 1.65 billion dollars, will gain great wealth if the deal is made. YouTube organizers are doing the best they can to seal the deal, so YouTube can expand and bring even more popularity to the site.