Microsoft Statement on Online Video Distribution Agreement with Newscorp, NBC Universal

Microsoft sent out a press release this morning concerning the NBC Universal / Newscorp deal yesterday. Below are the important snippits. I will have more coming tonight regarding my thoughts and questions on the deal.

Kevin Johnson, President, Platform and Services Division said, "Today's announcement is a great win for MSN's more than 460 million consumers and for online video more broadly. When launched, this new venture will provide free access to an unprecedented library of high-quality video content.

"Joining forces with Fox/Newscorp and NBC/Universal is completely in line with our strategy to offer our users easy access to the best video on the web in a way that is good for content owners, great for consumers, and provides compelling opportunities to advertisers. Building on the work we have done with MSN Video and SoapBox, we are taking another step toward realizing that vision.

"We were thrilled to be a part of these discussions from the start, and share with our colleagues in the content industry our vision for delivering easy access to great content for consumers while accommodating critical copyright and intellectual property protections. This partnership proves we can do both and serves as a great foundation for future collaboration.

"We look forward to the summer when the content library comes online, and MSN users can tune in and watch the videos they love."