YouTube to stream full-length movies, TV shows

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YouTube says it is partnering with major studios to stream full-length movies and TV shows on its site for free.

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The website owned by Google Inc says it is partnering on the initiative with Sony Pictures, CBS, MGM, Lionsgate, Starz and the BBC.

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Advertising revenue will be shared with the content providers.

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YouTube also says it will more broadly use video ads that play mid-stream in breaks on longer content.

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