Time Warner's (TWX Quote) AOL unit is planning to launch a pay-for-download video service by the end of the year, as people grow more accustomed to watching content on the Web.
AOL, which already has one of the largest video libraries on the Internet, is in discussions with broadcast and cable networks about allowing their content on its site, says Kevin Conroy, AOL's executive in charge of video strategy. He wouldn't elaborate further. AOL will allow downloads to personal computers and would like to enable people to use its service to interact with Apple Computer's (AAPL Quote) popular iTunes site if Apple will permit it, he says.
Pricing details for the service are still being worked out and Conroy wouldn't divulge the names of any of the companies that are in discussions with AOL. He said content providers won't limit their Web distribution to AOL. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet