Tech media giant AOL is planning to roll out its own streaming movie service next week, reports Variety.
The plan makes AOL the latest in a growing number of tech companies who want in on the streaming video action. Just yesterday AT&T announced it was creating a $500 million joint fund with Chernin Group to find and invest in the “next Netflix.”
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1457814,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"media,","session":"D"}']AOL’s move makes sense given the company’s increased focus on video content via its AOL On and Huff Post networks as well as its $405 million acquisition of Adap.tv.
The new AOL movie service will be free and ad-supported like Crackle and Hulu. Also it will actually be focused around a large chunk of Miramax’s film library to the service, which includes hit films like Pulp Fiction, Chasing Amy, There Will Be Blood, and others. Only a handful of Miramax films will be available on the service, but it will refresh the selection to include fresh titles over time.
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The movie service is expected to launch April 30.
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