AOL Video is touted by Time Warner to be a one-stop shop for digital video media. Launching this month, AOL Video, while providing movies for a fee, will also provide free television episodes from companies such as Viacom Inc.'s MTV, Nickelodeon and Comedy Central networks and A&E Television Networks.
Time Warner hopes this push will take AOL away from being a service that relies on it's subscriptions for revenue and into a mainstream money grabber.
Source:
Reuters
Written by: Dave Horvath @ 24 Aug 2006 12:00