YouTube could become the latest to offer a movie rental service, challenging streaming sites such as Netflix.The entertainment news site The Wrap says Google is lining up deals with major Hollywood studios in order to launch the service. The story cited an anonymous executive at a studio that has signed on who said Sony Pictures Entertainment, Warner Brothers, Lionsgate and Universal have all licensed their movies to the service. Not everyone is on board — Paramount, Fox and Disney declined to join. Photo: Reuters<br>YouTube is preparing a video rental service according to one report.EnlargePhoto: ReutersYouTube is preparing a video rental service according to one report.Related ArticlesStrong earnings push S&P through key levelAnalysts Are Concerned Netflix’s Fun Run About To EndStrong earnings drive S&P through key levelRelated Topics Netflix Wal-Mart Hollywood Sony InvestmentGet Tech Emails & Alerts Stay connected with cutting edge technology news SampleYouTube has already gotten into the movie rental game with a few independent films. The service is currently in beta mode and the films are available for a 24-hr rent at the price of $2.99.A YouTube spokesperson said, “We&apos;ve steadily been adding more and more titles since launching movies for rent on YouTube over a year ago, and now have thousands of titles available. Outside of that, we don&apos;t comment on rumor or speculation.”

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