Now AOL wants to launch its own streaming movie service

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Tech media giant AOL is planning to roll out its own streaming movie service next week, reports Variety.

The plan makes AOL the latest in a growing number of tech companies who want in on the streaming video action. Just yesterday AT&T announced it was creating a $500 million joint fund with Chernin Group to find and invest in the “next Netflix.”

AOL’s move makes sense given the company’s increased focus on video content via its AOL On and Huff Post networks as well as its $405 million acquisition of Adap.tv.

The new AOL movie service will be free and ad-supported like Crackle and Hulu. Also it will actually be focused around a large chunk of Miramax’s film library to the service, which includes hit films like Pulp Fiction, Chasing Amy, There Will Be Blood, and others. Only a handful of Miramax films will be available on the service, but it will refresh the selection to include fresh titles over time.

The movie service is expected to launch April 30.

 



Source: Venturebeat - Read the original article here

Author: Daily Tech Whip

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