1.
U.S. markets recover from steep losses
NEW YORK, March 22 (UPI) -- News Corp. and NBC Universal said in New York Thursday they would launch an online video site that is a "game changer for Internet video."
The free site, expected to launch this summer, will offer "thousands of hours" of full-length programming, films and clips from at least a dozen TV networks and two major film studios.
Programs include the U.S. TV shows "Heroes," "The Simpsons," "24," "My Name Is Earl," and "Saturday Night Live."
The unnamed site will also feature movies such as "Borat," "Little Miss Sunshine" and "Devil Wears Prada," the companies said.
Distribution partners include Yahoo Inc., Microsoft Corp.'s MSN network and Time Warner Inc.'s AOL unit, as well as News Corp.'s MySpace site. Advertisers include Cadbury Schweppes PLC, Cisco Systems Inc., Intel Corp. and General Motors Corp.
"This is a game changer for Internet video," News Corporation President and Operating Chief Peter Chernin said in a statement. "We'll have access to just about the entire U.S. Internet audience at launch."
The partnership is a major challenge to Google Inc.'s YouTube, which many media companies accuse of benefiting from illegal use of their copyrighted material.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
