Google I O Media Announcements Coming Early 20 000 Songs In The Cloud And Youtube Movie Rentals

In the run up to Google I/O tomorrow, Google is releasing information on its Cloud offerings for both video and Music.

Earlier today, Google said it would be renting 3000 Hollywood feature videos through its Youtube service.  There will be more to come and some videos will be free with advertisements – just like regular old TV, which YouTube aims to replace.  That news isn’t exactly new but it has finally become official.  It will likely be demoed at I/O tomorrow.

Apple is reportedly working with the labels to get their iTunes Cloud legitimized by the labels and by last count, had two of the four signed on.  An announcement would likely take place at Apple’s annual September Music event.

There will be full coverage of Google I/O 2011 at 9to5Google, our new sister site.

• YouTube to take on iTunes, Netflix with on-demand Hollywood movies (9to5mac.com)
• WSJ: Google spending $100 million to commission YouTube television channels (9to5mac.com)
• It’s magic: YouTube cloud editor fixing shaky footage, in real-time (9to5mac.com)