London, Nov 11: Online video-sharing website, YouTube has struck a golden deal with Hollywood studio Metro-Goldwyn-Mayer''s (MGM) to show full length movies in their archives.
The collaboration is mainly aimed at earning advertising revenue for both YouTube and the studio.
The partnership will result in the launch of a video-on-demand channel called Impact, which will wholly and solely cater exclusively to action films, TV shows and clips.
"I think it will grow into a nice little business," BBC quoted Jim Packer, co-president of MGM Worldwide Television, as saying.