YouTube Finally in the Black?

YouTube, the net’s original house of viral videos, is looking to go pro with new major studio films, according to The Wall Street Journal. Most of these videos will cost money, unlike all the other content on the site, and will only be available to rent. YouTube smartly avoided confirming everything in the news breaking article, instead hinting that it’s largely accurate.

Lions Gate Entertainment Corp., Sony Corp., and Warner Bros. are all in talks with YouTube about offering premium movie rentals on a time-limited, streaming basis. The price of a new movie rental will likely be $4 in order to compete with Apple’s prices, but in contrast, iTunes customers can download movies and watch them without a broadband connection. In addition to this plan, You Tube wnats to offer some movies for free viewing with ads.

Considering all these planned changes and new horizons, predictions might be correct that the notoriously profit-free site could be in the black by year’s end. Courtesy of  wired.com