Sohu, Ku6 to show H'wood films
8:37 AM PST 12/22/2009 by Melanie Lee, Reuters,
AP
Companies to invest up to $10 mil for licensed content
SHANGHAI -- Chinese Internet portal firm Sohu and video sharing firm Ku6 said on Tuesday they will set up a fund to buy licenses to show Hollywood movies and television shows on their Web sites, catering to increasing user demand for Western media.
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