YouTube to fund premium content, signs film deal

Google Inc’s YouTube will directly invest in new shows to be launched in partnerships with its four top content creators, it said in a blog on Tuesday.

The world’s No. 1 online video website also said it entered into an agreement with DreamWorks Animation SKG Inc unit AwesomenessTV to release feature films over the next two years.

via YouTube to fund premium content, signs film deal | Reuters.