AOL, XM form joint venture for entertainment


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Revenues will come from ads and licensing fees, with no current plans to charge for shows on a pay-per-view basis, Wall said. Officials did not disclose other financial terms, besides saying all three companies and Wall have equity stakes.
Earlier Tuesday, CBS News announced it would offer a 24-hour news network over high-speed broadband lines, and Nickelodeon last week launched an on-demand service promising up to 20 hours of new programming for kids every week.
AOL already offers free concerts and other video programs on the Internet, both live and on demand, and the new venture will expand on the numbers and types. Shows seen at AOL.com will also be available to XM?s 4.4 million subscribers ? live and through rebroadcasts ? on XM?s existing satellite radio channels.

http://www.msnbc.msn.com/id/8554573/

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