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Seems like YouTube is trying hard to bring its revenue number up and now trying its hands on movie rentals. We appreciated the move of offering live IPL Cricket on YouTube and now the giant site is announcing that it would soon being renting movies that starts with small train run of about five movies being featured in the famous indie Sundance Film Festival which release in the next week. The movies would rent for around $5 a pop and would be accessible, only in the US, starting Friday and running until January 31.

YouTube-global blog stated -

While YouTube has offered an easy and economical way for filmmakers — as well as content creators of all kinds — to instantaneously connect with fans around the world, many of them have told us that the ad-supported business model doesn’t always meet their distribution and monetization needs. And so, we are excited today to announce our partnership with the Sundance Film Festival to make five films from the 2010 and 2009 festivals available for rent for U.S. users on YouTube,

YouTube adds that this is only the first step and more movies and other type of videos are landing on the site in the coming weeks available for rent. Google of late announced that YouTube will start making money in 2010 and seems like this is the beginning.

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