pay-as-you-go

As reported by the Financial Times, YouTube video-sharing website is accelerating its negotiations with Hollywood movie makers over a global pay-as-you-go video service that could be launched by the end of the year.

According to the sources familiar with the matter the new service will likely be first launched in the United States, followed by other countries over time.

Google and YouTube "talked about how many people they could steer to this ... it's a huge number," the newspaper quoted an executive with knowledge of the plans as saying.