Obscenely rich Google looks like it’s about to make another big money purchase, but this time the target in question isn’t yet another online start up company. Instead, Google looks as though it could be buying an early Christmas present for its own YouTube, if a report in the New York Post is to be believed.
The NYP claims that Google is looking to buy the rights to all of Miramax’s back catalogue of films, which includes Oscar winning ‘No Country for Old Men’ and ‘Trainspotting’. Google wants to own the online rights to movies such as these so that they can be shown on YouTube, giving the channel more longevity for visitors.
The New York Post cites someone close to the deal as its source, claiming that Google is interested in acquiring the rights for over 700 movies. However, Google’s isn’t the only interest in Miramax, as Netflix (a streaming video rental firm) is also looking at the extensive back catalogue of movies.
Miramax was sold to Filmyard Holdings in July by its former owner, Walt Disney Co, for a fee higher than $660 million.
The Post quotes a Google spokesperson as saying:
“We’re always talking to the studios about different things and Disney remains a valuable YouTube partner. Outside of that, we don’t comment on rumour or speculation.”