Report: YouTube in talks to offer movie rentals


YouTube is in discussions with major Hollywood studios for streaming movies on a rental basis, according to reports.

The video-sharing website, owned by Google, is understood to be in talks with MGM, Sony, Lions Gate and Warner Bros. about a potential deal, which would offer users the chance to stream movies for a rental fee of around $3.99.

The move follows similar deals by iTunes Netflix, Amazon VOD and others. However the service would be limited to the U.S. initially.

The discussions are preliminary, according to Bloomberg, which cited anonymous sources. No deal had yet been reached and talks could break down without an agreement.