p2pnet news view Advertising | Movies:- A deal between YouTube, owned by online advertising giant Google, and “several major movie studios about renting movies” has Netflix and Blockbuster worried.

The agreement could pose “stiff competition” to Netflix’s online streaming and Blockbuster’s rental services, says Reuters.

The companies have already seen a drop in share prices, says the story.

“According to a person familiar with the talks, YouTube has held discussions with Lions Gate Entertainment Corp, Sony Pictures, a unit of Sony Corp, and Time Warner Inc’s Warner Brothers about online movie rentals,” it says, going on:

“It would mark the first time the world’s most popular video site would charge users to watch videos.”

Follow p2pnet on Twitter.

Reuters – Netflix, Blockbuster shares fall on YouTube deal, September 3, 2009

---

Use free p2pnet newsfeeds for your site. It’s really easy!
Subscribe to p2pnet.net | | rss feed: http://p2pnet.net/p2p.rss | | Mobile – http://p2pnet.net/index-wml.php

---

Net access blocked by government restrictions? Use Psiphon from the Citizen Lab at the University of Toronto. Go here for details.

This entry was posted on Wednesday, September 9th, 2009 at 1:36 pm and is filed under Advertising, Movies. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

HOME

Viewed 2742 times