AOL Launches New Video Portal

AOL announced today that they were selling movies and television shows from Paramount Pictures on their new online portal. Pricing will be similar to other online video sites such as CinemaNow, MovieLink and Guba as well as sites operated by MySpace -owner News Corp, from $9.99 to $19.99. Consumers will own the movies and will be able to transfer them to as many as three other computes or devices that support Windows Media Player technology. They try to make that sound good don’t they, why download them when I can buy them in the store and get the actual DVD?

Although AOL has recently made those services free as well to better compete for online advertising dollars, analysts believe the company may have a better chance in emerging fields like online video.

In early August, the company launched a video portal that tries to aggregate clips and full-length programs from around the Internet – some free, some for sale. The company wants to be a one-stop site for video, although it faces intense competition from veterans like Yahoo Inc. and startups like YouTube Inc., which Google Inc. is buying for $1.65 billion (euro1.31 billion).
Source: AOL Money and Finance.

Looks like this got released early or something, the title still says not to release it yet.