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WSJ and NYT: Verizon Closing in on YouTube Deal
Both papers report that telecommunications giant Verizon (VZ.N) is in advanced talks with YouTube to syndicate their user-generated content on mobile devices and televisions.
According to the Times:
Under the terms being discussed, customers of Verizon Wireless -- Verizon's joint venture with Vodafone Group Plc (VOD.L) -- would be able to view some YouTube videos on their cellphones through the carrier's premium V Cast service, the Journal said.
Verizon also would offer YouTube videos as an on-demand feature of a TV service it is launching throughout the nation, according to the paper.
A deal may give Verizon the exclusive right to carry YouTube videos for a limited period of time, one person with knowledge of the discussions told the Journal.
The move would make Verizon, the nation's no. 2 carrier, into a major video player against rival Sprint, who currently leads the market. It would also further legitimize YouTube as a content provider and quell Wall Street's concerns that the video-hosting giant is just a lawsuit waiting to happen.
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