Coming to a YouTube Near You.

YouTube is mainly known for it’s amateur video recently read on the Internet about how YouTube, who is now owned by Google, is in talks with movie studios to stream full length movie rentals for a charge on their website. YouTube has been in contact with Lions gate entertainment, Metro-Goldwyn Mayer, Sony, and Warner Brothers about releasing movies the same day that the DVD becomes available and charging a fee for instant online viewing. The movie studios are apparently working with YouTube on this to bring in more revenue because DVD sales have gone down. But YouTube would definitely have competition with iTunes, Netflix, and Amazon. Nothing has been decided for sure yet but it’s something that probably will be coming in the near future.

All that the people at YouTube would say to The New York Times was:

“While we don't comment on rumor and speculation, we hope to expand both on our great relationships with movie studios and on the selection and types of videos we offer our community.”

No prices have been finalized yet but there are talks about charging between four and five dollars a rental.

Will people actually do this though? It’s not like iTunes where you can buy and download the movie. This is just a rental.

Will it affect companies like iTunes, and Netflix revenue?

I don’t think I would honestly use this because you can pay just a few dollars more to buy the movie from iTunes or from the store and have it instead of just the rental.

I think this may affect Blockbuster’s sales though.