Monday, August 13, 2007

Google to Stop Web Video Rentals, Sales

From The Washington Post - Google Inc. is shutting down a service that sold and rented online video, ending a 19-month experiment doomed by the proliferation of free clips on other Web sites like the Internet search leader's YouTube subsidiary.

The decision, confirmed late Friday, underscores Google's intention to concentrate its financial muscle and brainpower on developing an advertising format to capitalize on the immense popularity of online video. | Read full article

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