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YouTube to launch pay service

April 26th, 2011

Web video giant YouTube is launching an on-demand streaming service offering customers Hollywood studio films, according to a US report.

Sony Pictures Entertainment, Warner Bros and Universal Pictures have licensed content for the service, which could begin as early as this week, according to US entertainment newswire The Wrap.

Lionsgate Entertainment and other smaller studios are also involved, though majors Paramount Pictures, 20th Century Fox and Disney have so far declined to join.

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