 News Corp. and NBC Universal said on Thursday they will jointly
launch an online video site this summer, in a move to compete directly
with Google Inc.'s popular YouTube.
The site will feature full-length television shows, movies and clips, including popular shows such as "Saturday Night Live" and "The Simpsons," and hit films like "The Devil Wears Prada" and "Borat." "This is a game changer for Internet video," News Corp. President and Chief Operating Officer Peter Chernin said in the statement. "We'll have access to just about the entire U.S. Internet audience at launch. And for the first time, consumers will get what they want -- professionally produced video delivered on the sites where they live," he added.  News source: Reuters
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