YouTube reportedly seeks to license TV shows and movies for Red subscription service
YouTube is said to be seeking out licensing deals for television shows and movies as it fortifies its position in an online video arms race with competitors Netflix, Amazon and Hulu, a sector Apple could wade into next year with a rumored over-the-top streaming service. According to The Wall Street Journal, YouTube executives are in negotiations with studios and production companies to license content for streaming on the Web. The move is thought to be related to the Alphabet subsidiary's new paid subscription service, YouTube Red . Instead of going down the same road as Netflix, Hulu and Amazon, which buy streaming rights to older TV series and long-form videos, sources claim YouTube wants to license new properties from third parties. The content would supplement forthcoming original shows and movies. Licensing fresh content affords YouTube the flexibility to distribute via traditional formats such as theaters, cable television and physical media,Read full article from YouTube reportedly seeks to license TV shows and movies for Red subscription service
No comments:
Post a Comment