Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Quick Hits: MGM Reruns, Now on Youtube


Brief scrutiny of today's headlines.

YouTube, long the home of cute pet videos and goofball home movie clips, plans to show full-length TV shows and movies from MGM's (MGM) archives in an effort to boost advertising revenue.

But this corner of the Internet may not be any more interesting than commercial TV. MGM Studios plans to launch the partnership by posting episodes of its decade-old American Gladiators on YouTube. Reruns. How revolutionary.

On another channel, MGM plans to post full-length action flicks like Bulletproof Monk and The Magnificent Seven. It also will include clips from recent hits, such as Legally Blonde. There will be no charge to watch the movies, and ads will run next to the video.

YouTube, the video-sharing website owned by Google (GOOG), plans to make the announcement Monday, Reuters reports.

In October, YouTube announced a similar deal with CBS (CBS) to run episodes of Star Trek, The Young and the Restless and Beverly Hills 90210. It's also experimented with full-length shows from Time Warner's (TWX) HBO and CBS's Showtime cable networks.

YouTube's new partnership with MGM will put the website in competition with Hulu, an online video site owned by News Corp. (NWS) and General Electric's (GE) NBC Universal. Hulu offers current full-length shows from Fox, NBC and CBS. It also features short-clip versions of the shows.

Who needs an old black-and-white TV with rabbit ears when there's the Internet? Glory hallelujah, here's hoping Google makes a boatload of money before killing its audience with boredom.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos