Wednesday, February 21, 2007

YouTube's CBS deal falls apart

More news from the big boys in the video 2.0 world...The Wall Street Journal is reporting that A deal between Google Inc. and CBS Corp. that would let YouTube users watch clips from CBS shows such as “The Late Show with David Letterman,” has unraveled.

The two companies had been closing in on a multi-year deal but could not agree on key issues such as the length of the partnership.

Traditional media companies are looking for ways to court online users as viewers split their leisure time surfing the Web and using digital media devices like Apple Inc.’s iPod. While Google/YouTube, Joost and other large providers continue to look toward big media, independent content providers such as filmmakers, musicians and video producers can find distribution for their movies and videos at http://www.hungryflix.com.

The talks may resume, and the two companies have agreeed to work on smaller scale initiatives in the short term.

HungryFlix provides video downloads for the iPod, PSP and computer.

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