Google To Purchase Miramax For YouTube Streaming?

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Google TV may find itself losing programming, but if the New York Post is to be believed, the online giant is close to a deal that will give it the digital rights to the entire Miramax back catalogue.

Google’s purchase is far from a done deal. For one thing, Google is negotiating with Farmyard Holdings, which doesn’t actually own Miramax yet; the studio is still a Disney property until that sale closes (Something that’s expected to happen by December 10th). For another, Netflix is also rumored to be interested in purchasing the digital rights to the 700+ movies that would be part of the deal for streaming as part of their own Watch Instantly program. According to the report, if successful, Google plans to stream the movies through YouTube as part of a plan to make the site into a destination for longform content.

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