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Youtube streams movies over the internet

youtube YouTube is in talks with several major movie studios about renting movies to users by streaming the movies over the Internet.

It would mark the first time the world’s most popular video site would charge its users to watch videos.

YouTube, which is owned by Internet search giant Google Inc, has held discussions with Lions Gate Entertainment Corp, Sony Pictures, a unit of Sony Corp, and Time Warner Inc’s Warner Brothers about online movie rentals, the person said.

In many cases, the movies would be available for rental for a fee in a system similar to Web rental programs from Apple Inc’s iTunes, Netflix and Amazon.com with newer movies.

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