For the second time within a month, Guba has landed a deal to offer movies for download through the video-sharing site. The relatively little-known company has evidently impressed the studios.
"Sony Pictures has agreed to offer a 100 of the studio's feature-length films on Guba's online store, the companies said Monday. Among the growing number of video-sharing sites, Guba is the only one offering a means to legally download movies over the Internet."
A couple of weeks ago, as we talked about here, Warner Bros. Entertainment (TWX), began offering 200 of their movie titles via Guba.
Sony's executive vice president of digital distribution Sean Carey said that one of the major reasons Guba is being considered is that it is profitable, something other video-sharing sites don't have available for them.
"Most (user-generated video sites) are at the moment lacking a revenue model," Carey said. "Some of them are starting to embrace advertising, but Guba is the first to add premium studio content to their mix."
This is a huge coup for Guba, as they are not only jumping to a lead in this potentially lucrative market, but they are in negotiations with most of the studios according to Guba CEO Thomas McInerney.
New releases of Sony films will cost $19.99, while other titles will go for $9.99. There will be options for some of the titles to be rented.
Comment Preview