by Larry Dignan
Time Warner and YouTube said Wednesday that they have signed an online video distribution deal.
Under the pact, YouTube will distribute Time Warner short-form video content, including movie clips, television shows, and news. Time Warner properties--Warner Bros. and Turner Broadcasting System--will program YouTube videos via an embeddable player.
According to a statement, YouTube will get access to CNN news, the Cartoon Network, and shows such as "Gossip Girl." Time Warner video will appear across Google properties. Time Warner can also create separate channels on YouTube and sell ad time. The two parties will split ad revenue
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