“Time Warner’s 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,” Jonathan Berr reports for TheStreet.com. “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 popular iTunes site if Apple will permit it, he says.”
“Though video is a bright spot for AOL, by itself it won’t solve AOL’s woes such as the dropoff in subscribers to its dial-up service. Investors are hoping that AOL will be able to capitalize on its leadership in video,” Berr reports.
Full article here.
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