NBC teams up with others to form online video site

posted onMarch 23, 2007
by hitbsecnews

NBC Universal and News Corp. joined forces Thursday with several major Internet companies to distribute TV shows, video clips and movies online in an effort to better control their programming and counter competition from YouTube.

The new network, which would launch this summer, comes in response to the explosive growth Google Inc.'s YouTube, a do-it-yourself video-sharing site that is being sued by Viacom Inc., another major media company, for copyright infringement.

The venture is aimed at giving broadcasting companies like NBC and News Corp., which owns the Fox broadcast network and the Twentieth Century Fox movie and TV studio, greater control over how their shows are distributed on the Internet.

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