YouTube partners with Paramount pictures to offer movie rental options. Collections include “The Godfather” and “Hugo”
YouTube has announced a new partnership with Paramount pictures today. And yes, in spite of all the litigations with Paramount parent company Viacom Inc.
YouTube has revealed that it would offer online rentals of nearly 500 Paramount films, including “Hugo” and “The Godfather”. Now, that’s some serious good collection they would be offering.
Financials or the terms of the deal are not revealed and it’s still shy as to why two companies, whose parent companies have spent enormous time in court for years, decided to put their differences aside for this agreement. The media conglomerate is still seeking to overturn its defeat in a landmark $1 billion lawsuit charged against YouTube and parent company Google, and suddenly this licensing agreement.
Viacom’s allegation was an illegal uploading of “The Daily Show with Jon Stewart,” “South Park,” and “SpongeBob SquarePants,” on YouTube by users and Google not taking any actions against it.
The Paramount deal means that YouTube now has movie rental deals with five of the six major film studios, as well as more than ten independent film studios, giving it access to a catalog of nearly 9,000 films.
Consumers can rent the films, generally for 24 hours or 48 hours, for anywhere from $2.99 to $3.99.
The Paramount movies, which include recent releases and classics, will be available in the United States and Canada over the next few weeks. Consumers can rent the movies on the YouTube website, or on Google Play, Google’s online storefront for music, games, movies and other types of media.