Metro-Goldwyn-Mayer Stories May 7, 2012

Following recently signing MGM and Paramount Pictures to add over 1,000 new movies for rent, Google is once again investing in content for YouTube. Today AllThingsD reported the company is about to invest in Machinima, a network featuring videos about videogames that is pulling in about a billion views monthly.

People familiar with the round tell me it should end up raising more than $30 million, and will value the company at around $190 million, post-funding. No comment from Google or Machinima.

The report explained, unlike its past deals with content creators where it recoups over $100 million in investments through ad sales, the Machinima deal would be the first time Google takes an equity stake in a YouTube content provider: expand full story

Metro-Goldwyn-Mayer Stories April 27, 2012

Google Play movies now available in Australia

Google has consistently beefed up its licensing agreements with content providers. It added over 1000 titles from Paramount Pictures and MGM to both YouTube and Google Play rental services earlier this month. Today, it announced on Google+ that movies are now available to Australian Google Play users:

Movies on Google Play is now available in Australia, including Australian classics like Bra Boys (http://goo.gl/nWvPX) and Chopper(http://goo.gl/MjAGT), and recent break-out hits like Snowtown(http://goo.gl/hgtwN).

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