Wow. This is pretty huge news. According to Reuters, MGM has struck a deal with You Tube to showcase both film and television titles from their library on the video-sharing site. The article reads, "YouTube, the largest video-sharing website, will show full-length television shows and films from Metro-Goldwyn-Mayer’s archives in its latest step to boost advertising revenue by adding professional programing, the company told Reuters on Sunday."
"The site, owned by Google Inc, plans to make the announcement about the new partnership on Monday. MGM Studios will kick off the partnership by posting episodes of its decade-old "American Gladiators" program to YouTube on one channel."
"On another channel, MGM will post full-length action films like "Bulletproof Monk" and "The Magnificent Seven" and clips from popular movies like "Legally Blonde." These will be free to watch, with ads running alongside the video."
FANGORIA points out that titles such as THE AMITYVILLE HORROR movies, SCANNERS and THE FOG are amongst MGM’s vast library.