YouTube Taking Steps To Become Netflix Competitor

Recent news has spread that YouTube has been working with companies like Sony Pictures Entertainment to launch what may be a Netflix competitor; ie. a major Hollywood movie-streaming website. This is big news considering the fiascos we have all seen with the lack of Google TV adoption from these same corporations - this could mean a whole new beginning for that platform.

We've been seeing YouTube dipping into Hollywood movies for quite some time with things like youtube.com/movies, which mainly consists of movies no one wants to see, and even an online renting program for the Sundance Film Festival. With giant movements like the new streaming program, YouTube could be on it's way from user-created content to a broad range of independent and major films.

Source: Mashable