Dave Horvath
24 Aug 2006 12:00
Internet conglomerate Time Warner Inc. has announced that AOL will begin offering movies and select television episodes for download on a paid and watch-for-free service. AOL is in direct negotiations with such studios as Twentieth Century Fox, Sony Pictures Home Entertainment, Universal Pictures and Warner Bros. Home Entertainment Group to bring you direct downloadable content for prices ranging from $9.99 to $19.99.
AOL Video is touted by Time Warner to be a one-stop shop for digital video media. Launching this month, AOL Video, while providing movies for a fee, will also provide free television episodes from companies such as Viacom Inc.'s MTV, Nickelodeon and Comedy Central networks and A&E Television Networks.
Time Warner hopes this push will take AOL away from being a service that relies on it's subscriptions for revenue and into a mainstream money grabber.
Source:
Reuters