Will Sony License Movies to YouTube?
The rumor first appeared on News.com--though neither party has confirmed it. If the deal goes through, YouTube will be on a hot streak, having already licensed ABC and ESPN material from Disney.
YouTube will need licensed content to compete with the growing variety of legal TV-on-the-web offerings from the networks' own websites as well as the likes of Hulu. The Google-owned site is predicted to lose $470 million this year, reports Multichannel News.