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YouTube Adds Premium Content Section

YouTube, in what appears to be an effort to compete with sites like Hulu, has launched a premium content section which includes movies and television shows. YouTube's owner, Google, has announced the initial content will be provided by studios including Sony, CBS, MGM, Lionsgate, Starz, and the BBC. The new material will be available free of charge, and supported by the recently announced Google TV Ads. While Google hopes the new section will garner extra revenue, the user-generated content for which YouTube became known will remain the main focus of the site.

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