YouTube Link-Up With Paramount For Movie Streaming Deal
Approximately 500 movies are due to be part of this deal, which will increase YouTube's library of full-length movies significantly. Viewers will be able to rent access to the movies, which will cost a fairly standard video rental fee of approximately three to four dollars for a given period. There will be 24 and 48 hour rental options.
Most of the videos on YouTube are homemade, and available for free. However, along with the options to not list videos in the directory, to make them only available through a given link, and more, the company has apparently moved on to professional options. Paramount's movies will not be the first fee-based videos available from the site, but they may be the ones to make the largest impact.
This makes the fifth of six major film companies that have similar agreements, as well as ten independent movie production companies. It will increase the library of rental films available to over 9,000. Since playing video from the internet so common these days, it makes sense that allowing customers to rent legitimate access to feature films is a business strategy being pursued.
The internet has been becoming and larger and larger source of videos and music since more and more people have access to high-speed broadband. Companies trying to tap into this are being forced to make deals with giants in the areas-- the YouTube Link-Up with Paramount for movie streaming deals being just one of the examples of this phenomena. Already getting thousands of viewers per day, it is a far more profitable strategy than attempting to build new infrastructure from the ground up.