YouTube, in an effort to continue expanding as a media hub for more than just low quality, user-made content, is trying to hash out a deal with Sony Pictures to secure licensing rights to some of the studio's full-length movies, CNet reports. Such a deal would help YouTube better compete with the likes Hulu, Netflix, and other web video services.
It was just a week ago that YouTube was able to license short-form content from Disney, which also includes Disney brands like ABC and ESPN. But when it comes to feature-length content -- a crucial component if YouTube is to compete with other streaming services -- YouTube has only been able to snag a small number of titles from MGM.
Neither company is commenting on the report, but it's not hard to see why each one would be interested. Sony Pictures acquired streaming video site Crackle in 2006 for a cool $65 million and has since posted a bevy of full-length films on the site. By licensing a handful of flicks to YouTube, Sony would be promoting its Crackle acquistion. And of course it makes sense for YouTube, which was acquired by Google for $1.65 billion three years ago.
Do you think is a good move for either company? Hit the jump and sound off.