YouTube to rent out Paramount movies

SAN FRANCISCO: Even courtroom adversaries can be partners in the nascent online movie rental business.

YouTube has announced a movie rental partnership with Paramount Pictures, despite the online video website’s long-running litigation with Paramount parent company Viacom Inc.

YouTube said it would offer online rentals of nearly 500 Paramount films, including Hugo and The Godfather, to US consumers, rounding out its growing catalogue of feature-length movies.

Terms of the deal were not disclosed and it was not immediately clear why the two companies, whose parent companies have sparred in court for years, decided to put their differences aside for this licensing agreement.

Viacom is currently seeking to overturn its defeat in a landmark US$1bil (RM3bil) lawsuit in which the media conglomerate charged YouTube and parent company Google Inc with “massive” copyright infringement.

Viacom alleged in its 2007 suit that many of its programmes, including The Daily Show with Jon Stewart, South Park, and SpongeBob SquarePants, have been illegally uploaded on YouTube and that YouTube and Google executives knew about it but did nothing to stop it.

The case has been closely-watched as a test of the Digital Millennium Copyright Act, a 1998 federal law making it a crime to produce technology to circumvent antipiracy measures, and limiting liability of online service providers for copyright infringement by users.

YouTube, the world’s most popular online video website, streams four billion videos every day and its users upload more than 60 hours of video to the site every minute.

Although much of the content on YouTube consists of home videos that are free to watch, YouTube has increasingly added professionally-produced content, some of it available to rent for a fee.

The Paramount deal means that YouTube now has movie rental deals with five of the six major film studios, as well as more than 10 independent film studios, giving it access to a catalogue of nearly 9,000 films.

US consumers can rent the films, generally for 24 hours or 48 hours, for anywhere from US$2.99 to US$3.99 (RM9 to RM12). — Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Next In Tech News

Snap adds more users than Wall Street expected; growth slows in North America
London court allows Australia's Wright to serve bitcoin copyright claim
KKR-backed KnowBe4 valued at over $3.5 billion in strong Nasdaq debut
CD Projekt plans dividend after Cyberpunk 2077 sales neared 14 million last year
U.S. agency still 'gathering facts' on Texas Tesla crash
Exclusive-Two U.S. senators make new push to advance self-driving cars
Bosch sees growth in 2021, but warns on chips shortage
Facebook begins testing ads in Instagram Reels
Facebook to incorporate user feedback on News Feed arrangement
Young UK investors choose cryptocurrencies over stocks: survey

Stories You'll Enjoy