YouTube premiers online video rental service
January 22, 2010 | Internet Marketing
Google's YouTube said it will begin testing a new online video service on Friday, entering the rental turf of other technology giants such as Apple, Amazon.com, and Netflix, reports The Wall Street Journal.
YouTube will begin testing the service with five movies from the Sundance Film Festival, the company said Wednesday in a blog post. It plans to later expand its rental selection to a range of health, education and fitness categories, a company spokesman said.
The disclosure marks one of YouTube’s first major pushes into delivering paid video rather than supplying videos that can be viewed for free in exchange for watching ads. YouTube is hoping that the new payment option—which allows a content supplier to set the price per rental—will draw more professional content, including offerings from major film and TV studios, to its site.
Get the full story at The Wall Street Journal (free content)
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