News Corp and NBC are joining together to challenge YouTube and plan to launch the largest Internet video distribution network ever assembled with the most sought-after content from television and film. The site will debut this summer with thousands of hours of full-length programming, movies and clips. The new company will be located in New York and Los Angeles.

“This is a game changer for Internet video,” said Peter Chernin, President and Chief Operating Officer of News Corporation. “We’ll have access to just about the entire U.S. Internet audience at launch. And for the first time, consumers will get what they want — professionally produced video delivered on the sites where they live.

This seems to be a lot of HYPE. How are they going to detract people from going to YouTube? YouTube has an enormous following in part due to its strength in user-generated, user-submitted content. News Corp. has also sued to force YouTube to take down clips of some of its shows.

More lawsuits coming your way…….

Music Publishers have Filed a Federal Lawsuit against XM Satellite Radio and alleges that XM engages in massive copyright infringement through its illegal subscription digital music download service known as XM + MP3.”

Kill The Alarm will be performing at the Knitting Factory (NYC) TONIGHT. Reps from labels are expected to attend. For more information email management.