So we are all aware that it is not legal to post a lot of the movie and music stuff that we like on YouTube…. you spend a good three hours uploading stuff that is going to make your personal profile awesome and what you consider to be a perfect representative of you, containing your favorite gun-slinging movie clip from Terminator 2 Judgement Day, and you favorite scene teen movie moment from 16 Candles…. Only to long on to your account two days later and realize that the vids you uploaded were deleted!!

Well today starts a new page because Youtube and MGM have struck a deal:

The video-sharing Web site is set to announce that it will host TV episodes and movies from the archives of Metro-Goldwyn-Mayer (MGM) in its latest step to boost advertising revenue.

The deal is expected to be the first of many. It emerged over the weekend that the site, which is owned by Google, was in negotiations with other Hollywood studios. One report from the CNET news Web site suggested a YouTube movie service could be available within 90 days.

It should be interesting to see how this pans out in the next few months. It will be interesting to see what this does to the industry should it go well.

MGM will post videos from full-length action movies such as “Bulletproof Monk” and “The Magnificent Seven,” and its decades-old “American Gladiators” program. They will be free to watch, with advertising running alongside the video.

In October, YouTube forged a similar partnership with CBS to run full-length archived TV shows, including “Star Trek” and “Beverly Hills 90210.”

The new partnerships put YouTube in more direct competition with Hulu, the online video site owned by News Corporation and General Electric’s NBC Universal.

So I don’t know about T2:Judgement Day and 16 Candles specifically, but you will have many choices of videos to upload on your public profiles within the next coming months.  I don’t think MGM is going to be the only studio that gets in on this deal.

To check out the original article click here

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