YouTube has to be the one-stop shop for all visual content imaginable. There’s almost nothing that you can’t see on YouTube and now they’re adding to their vast arsenal by offering movies. The story got its legs from one Hollywood studio that has already penned a deal with the video behemoth and it’s been found that others have signed on as well.
According to The Wrap, the deal rivals that of iTunes which also sells video on demand allowing its clients to stream movies on their devices. The production companies that have already signed on with YouTube are Sony Pictures Entertainment, Warner Brothers and Universal, but YouTube won’t confirm the deal. A spokesperson for YouTube told Huff Post:
“We’ve steadily been adding more and more titles since launching movies for rent on YouTube over a year ago, and now have thousands of titles available,” a spokesperson said. “Outside of that, we don’t comment on rumor or speculation.”
So far one Hollywood company came forward with their excitement over the unconfirmed deal. Read more here.