YouTube Wants To Spend $100 Million To Stream Movies And Beat Netflix

Avatar von KMR KMR - 25.02.11 12:25 YouTube wants to start a subscription service of streaming movies a la Netflix and Amazon's new streaming service for Prime customers, the Post reports.
They're planning to launch it first in the UK and Europe where there's less competition and they can test it, before rolling it out internationally. YouTube has been in talks with Hollywood executives over the plan for months, and plans to spend $100 million on content. In Europe the service would compete with Lovefilm, the Netflix-like service which Amazon recently acquired; Netflix is also planning to expand to Europe.
mehr bei businessinsider.com

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