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Google’s YouTube all set to Negotiate with Hollywood?

Google’s YouTube all set to Negotiate with Hollywood?
YouTube, is an online video website by Google, and is recently in the news for negotiating with Hollywood with regards to an offer on a line-up of new channels.

In an attempt to overhaul YouTube, the offer was that channels would allow Google to offer ad-related videos to viewers who use the Web to watch movies and TV shows. However, the discussions are still in the preliminary stages and no real plans have been solidified yet.

YouTube plans on offering channels that are tailored to TV, sports and music, along with celebrity websites, each having more than 10 hours of professionally programmed material a week. Plans have mentioned 20 channels with a budget of $5 million for programming.

This service however, won’t be available until later this year or early next year. YouTube’s initial focus will be on short music videos and programs.