YouTube to Launch Paid VOD Service

Report says Google site has multiple Hollywood deals in place

iTunes and Netflix have some new competition in the movie-streaming race. On Monday, The Wrap reported that YouTube plans to launch a paid video-on-demand service. The service could start as early as this week or the next, and YouTube is expected to make an official announcement soon.

YouTube’s VOD service, which will offer movies as soon as they’re available to rent on DVD or through iTunes (and far ahead of Netflix), will be the company’s first foray into mainstream movies and charging for video, The Wrap said.

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