YouTube Movies to compete with Netflix
Google Inc. is launching a YouTube-based movie rental service in Canada, putting the corporation in direct competition with Netflix—the service that offers unlimited access to thousands of films and television shows for a flat monthly fee of approximately 8 dollars. YouTube movies, like Netflix, has a limited selection of new Hollywood content—though sources say the Canadian version of YouTube movies has more Hollywood titles than the Canadian Netflix service. Google has made deals with Canadian studios, such as Mongrel and Alliance, in addition to other American production companies in order to effectively monetize YouTube—the third most visited website on the internet.