Youtube announced that it will be entering the movie rental business. They will be partnering with the Sundance Film Festival to make some films available.
Youtube already offers some older full length movies for free but will be expanding is offerings to include more movie rentals, educational videos, and health and fitness.
How will this affect others already in the game such as Apple's iTunes Store, Hulu, and Netflix?
Source: The33Tv and Minyanville
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