Launch of YouTube Rival Cleared by E.U. Regulators
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
BRUSSELS, Belgium — E.U. regulators cleared news companies NBC Universal and News Corp. to launch an Internet broadcaster meant to rival to Google Inc.’s YouTube.
The European Commission approved the joint venture automatically yesterday after identifying no antitrust concerns and receiving no complaints from rivals.
The $100 million service due to launch this summer will offer streaming content from NBC and News Corp.’s television and film units that include the film studios Universal Pictures and Twentieth Century Fox and television stations CNBC, Telemundo, Fox, and British Sky Broadcasting.
