Why go and rent a video from a shop if you can watch online? With a successful online movie service established in Canada and the US, YouTube has now launched this option in the UK. It’s cheaper than renting from a shop, and of course, there’s considerably more choice.  You also get longer to watch your film with an online service – YouTube makes titles available for 30 days. Once you’ve started playing a film, you get 48 hours to finish watching it.

YouTube announced the new service on their blog on 7th October, where they talked about YouTube Movie Extras:

youtube-movies-1 YouTube vs. Lovefilm - A New Choice in Online Video Rental

“with free behind-the-scenes videos, cast interviews, parodies, clips and remixes from YouTube’s unique community of content creators. Over time we’ll also be adding additional videos and features to YouTube Movie Extras so that you can get even more into movies on YouTube.”

YouTube’s main UK competitor will be Amazon-owned LoveFilm. With YouTube, it’s £3.49 to rent a new release, and between £2.49 and £3.29 for other films. LoveFilm comes in at a slight price advantage with new releases available for between £2.49 and £3.49. LoveFilm also offers an impressive selection of films to watch for free, including titles such as Elizabeth 1, Samurai Commando, and Joy Division.

YouTube also has a free movie selection, but it’s an obscure collection that’s likely to be less of a draw to the average film lover. It does seem to cater to a niche, however, with a collection of classics of Nigerian cinema. LoveFilm also has an amusing set of film “collections”, including categories such as “Retired and Extremely Dangerous” and the perfectly innocent “I Can’t Believe It’s Not Porn.”

Perhaps YouTube will still come out on top, though, simply due to the fact that they are so high-traffic already. According to nielsenwire, the site attracts a massive 100 million unique viewers each month. To these many visitors, renting a film from YouTube will perhaps be a natural step on from watching short videos on there.

video%20production%20online%20rental YouTube vs. Lovefilm - A New Choice in Online Video Rental

The other main difference between the two sites is the range of service offered. YouTube keeps it simple with just online rental, whereas LoveFilm, having been around for longer, still fulfils its traditional role of sending DVDs through the post. They also offer games online and films/games streamed to users’ PSPs and TVS, along with their online service. LoveFilm offers a number of price packages to keep users loyal, whereas YoutTbe keeps it simple again with a pay-per-view service.

Either way, when it comes down to simply watching video online, both  services are really pretty similar in what they offer – and both have strong appeal – popping on to the sites and seeing a bunch of interesting films to rent for £2 to £4 is certainly a big draw.

And the current no1 film being rented from the YouTube site at the moment? It’s street artist Banksy’s “Exit Through the Gift Shop.”

What do people prefer? The YouTube or Lovefilm offerings. We have a suspicion that YouTube will rain supreme but would love to hear what you think, as ever, via our comments section.

If you fancy making your own video production for your business, please get in touch. My Social Agency offers a range of dynamic HD web video services from corporate business videos to viral videos.