NBC, News Corp to Take On YouTube

Google’s YouTube is getting another challenge from the media industry, this time as NBC Universal and News Corp join forces to distribute full-length TV shows and other video over the Internet, supported by advertising. The new venture, which doesn’t have a name yet, will also allow users to download movies and TV shows to own and play back whenever they want. At first, however, the focus will be on showing video streams of hit shows — with ads — such as NBC’s Heroes and Fox’s 24

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