TulipTools Internet Business Owners and Online Sellers Community

Quote: News Corp.'s Fox, Viacom, CBS and NBC Universal are in talks about creating a video Web site to compete with Google's YouTube, the Wall Street Journal reported on Friday.

While a deal is still far off, the four media companies envision a jointly owned site that would be the primary Web source for videos from their television networks, the paper said in an online report on Wsj.com, citing people close to the situation.

The companies aim to cash in on the fast-growing market of Web video advertising and have also discussed building a Web video player that could play clips, the Journal said...

Quote:NBC and News Corp. are gearing up to launch their own Web-based video outlet that will rival Google's YouTube. The networks have already lined up several advertisers, including Cadbury Schweppes, Cisco, Esurance, Intel and General Motors. The yet-to-be-named site will launch by mid-summer, the companies said...

The two media giants say their site will instantly be the largest Internet video distribution network on the Web. AOL, Microsoft's MSN, News Corp.'s MySpace and Yahoo are among the partners who will help distribute the video content, the two firms stated.

The yet-to-be-named site will launch by mid-summer, the companies said, and will likely have a greater reach than Google's YouTube...