Google seeking Miramax films for YouTube

Nov 23, 2010
The YouTube webpage is seen on a computer screen. Google has been gradually adding professional content to YouTube in a bid to attract advertisers and turn a profit with the site it bought for 1.65 billion dollars four years ago.

Google has been gradually adding professional content to YouTube in a bid to attract advertisers and turn a profit with the site it bought for 1.65 billion dollars four years ago.

According to the New York Post, Google is now pursuing its biggest deal yet for -- securing the digital rights to Miramax's archives, which include such films as "Kill Bill," "Pulp Fiction," and "No Country For Old Men."

The Post said Google is in talks with Filmyard Holdings, the soon-to-be owner of Miramax.

The Walt Disney Co. announced in July that it was selling Miramax for about 660 million dollars to the Filmyard Holdings consortium. The Post said the deal is expected to close by December 10.

The .-owned newspaper said Google may have to do battle with US video rental giant Netflix for the Miramax film library.

A Google spokesman told the Post "we're always talking to the studios about different things and Disney remains a valuable YouTube partner. Outside of that, we don't comment on rumor or speculation."

does not release revenue figures for YouTube, but senior executives at the Mountain View, California-based and advertising giant have suggested recently that it is near profitability.

The New York Times reported in September that YouTube is expected to turn a profit this year on revenue of 450 million dollars.

Explore further: Twitter takes note of other apps on smartphones

add to favorites email to friend print save as pdf

Related Stories

YouTube, Disney close to deal: WSJ

Mar 30, 2009

Google-owned YouTube and Walt Disney Co. are close to finalizing a deal to distribute videos from Disney properties on the video-sharing website, The Wall Street Journal online reported on Monday.

YouTube to offer online movie rentals

Sep 02, 2009

YouTube is considering streaming movies for rental, a move that would see the free video-sharing site charging for content for the first time, The Wall Street Journal reported Wednesday.

Recommended for you

UN moves to strengthen digital privacy (Update)

Nov 25, 2014

The United Nations on Tuesday adopted a resolution on protecting digital privacy that for the first time urged governments to offer redress to citizens targeted by mass surveillance.

Spotify turns up volume as losses fall

Nov 25, 2014

The world's biggest music streaming service, Spotify, announced Tuesday its revenue grew by 74 percent in 2013 while net losses shrank by one third, in a year of spectacular expansion.

Virtual money and user's identity

Nov 25, 2014

Bitcoin is the new money: minted and exchanged on the Internet. Faster and cheaper than a bank, the service is attracting attention from all over the world. But a big question remains: are the transactions ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.