Youtube, the leading video broadcasting site in the internet and its mother company Google has made a partnership with Universal, Sony Pictures and Warner Bros and others to offer full length feature films on YouTube.com/movies. The new service of Youtube called Youtube Movies will be streaming full length movies and currently there are 3,000 titles in its disposal.

Here is the official statement of Youtube and Google:

“Today, we’re announcing another step in our goal to bring more of the video you love to YouTube: the addition of thousands of full-length feature films from major Hollywood studios available to rent in the US at youtube.com/movies. In addition to the hundreds of free movies available on the site since 2009, you will be able to find and rent some of your favorite films.

From memorable hits and cult classics like Caddyshack, Goodfellas, Scarface, and Taxi Driver to blockbuster new releases like Inception, The King’s Speech, Little Fockers, The Green Hornet and Despicable Me. Movies are available to rent at industry standard pricing, and can be watched with your YouTube account on any computer. The new titles will begin appearing later today and over the coming weeks to www.youtube.com/movies, so keep checking back.”

The price range for the movie rental in youtube.com/movies is $2.99 to $3.99 and the payment will be through credit cards just like other video streaming sites and once the user rented the movie, it will be available for 24 hours to finish the movie and then it expires. The movie is in streaming format and will not have a download option and it is currently available in U.S. territory only.