While these movies and shows are hardly the latest blockbusters, it's an important step forward for YouTube, which obviously wants to shrug the reputation of the place to find short, odd, and poorly filmed user generated videos (although there's nothing wrong with that), and start offering full length features.
Unfortunately, they still have a long way to go, as even MGM is not ready to move their entire catalog to YouTube. “We will have some long-form videos up on YouTube, but I don’t think that’s the platform to have 30 or 40 movies up at once. I feel much more comfortable doing that on a site like Hulu,” says MGM’s co-president Jim Packer. In other words, this is merely an experiment to see how YouTube's audience will respond to being able to see full length movies; if YouTube passes this test with flying colors, then maybe, maybe the big studios will start offering more material.