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Report: Google's YouTube To Offer Streaming Pay-Per-View Hollywood Rentals

Google plans pay-per-view films from the Financial Times reports Google is in talks with several major Hollywood film companies to offer a pay-per-view service of their films.

Reports say that the streaming movie service from YouTube will bring these movies to online consumers at about $5 per movie. The movies would not download to the user’s computer, but rather stream as they watch it. They will also become available typically around the same time the movie comes out on DVD and other competing services such as Apple’s iTunes store and Amazon.com.

The Financial Times says Google hopes to launch this by the end of 2010.

I should note that Google Video rolled out an online video purchase and rental service. It closed that abruptly in August 2007 and offered $5 in Google Checkout credit to customers.

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