Being able to buy movies or rent movies on the internet has become a very popular thing nowadays and is really successful. There are so many people that would rather go online to watch or rent a movie than going out to get a movie to rent.
As technology gets better and better these days more and more companies are starting this whole thing of renting streaming movies online. Or having some sort of membership where you pay a certain amount and can watch a certain amount of minutes or movies.
Some example of companies doing stuff like this are, Hulu, Apple and Netflix.
All three of the above companies are having success and it is starting to appeal to YouTube. YouTube is owned by Google. YouTube is now thinking of starting a pay-per-view movie service before the year is over.
Continue reading about this on the next page.
The Financial Times reports that the service would start in the US first and then get made into a global thing. If YouTube were to do something like this it would definitely be in competition with Apple, Hulu and Netflix.
YouTube has so many users that it would definitely profit from making a service like the above. But I think that people who are already Hulu and Netflix members wouldn't necessarily switch to YouTube's service.
It's definitely a competition world out there and no matter what, competition will exist. It's understandable why YouTube would want to do something like this, since its the new craze people are crazy about. Not to mention it wouldn't be a lot of work for YouTube to add such a great service to it's website.
Source: wwwhollywoodreporter.com
YouTube Looking into Pay-Per-View Movies
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