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April 26, 2011 02:16 am EDT

YouTube ready to start renting video on-demand movies from major studios?

According to entertainment website The Wrap, Google's YouTube has finally locked up all the studio deals to get itself fully into the online movie rental game. The report indicates it could launch as soon as this week with movies from majors including Sony, Warner and Universal, as well as smaller entities like Lionsgate, Kino Lorber and other independents. This doesn't appear to be a challenge to (now bigger than Comcast, but still smaller than HBO) Netflix, with the unnamed studio exec quoted in the article saying how happy they are to see a new entrant renting (and eventually selling) movies that's not using a subscription model. Apple currently leads the online VOD market after jumping in with iTunes back in 2008, so obviously that's a main target but without the important info (pricing, picture quality and content) it's hard to tell how much of a challenger this is. VOD rumors have swirled around YouTube for quite some time and it rolled out $3.99 rentals of indie movies a little over a year ago, here's hoping they go the whole way and offer nothing less than 3D and 4K streaming to start.

YouTube ready to start renting video on-demand movies from major studios? originally appeared on Engadget on Mon, 25 Apr 2011 22:16:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2011/04/25/youtube-ready-to-start-renting-video-on-demand-movies-from-major/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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