http://www.imdb.com/news/sb/2007-09-13/

 From MySpace to Movie Screens?
In an apparent effort to steal some of the thunder from YouTube, News 
Corp-owned MySpace said Wednesday that it plans to begin offering 
exclusive high-quality short-form programming from top film and TV 
producers. Talent is being offered the chance to produce their material 
on their own terms, without interference from programming executives and 
advertisers. MySpace said that it had signed its first deal with 
Marshall Herskovitz and Edward Zwick, producers of the movies Blood 
Diamond and The Last Samurai and the TV shows thirtysomething and My 
So-Called Life. The pair will reportedly receive $500,000 to produce a 
48-minute drama called quarterlife (some reports spell the title with 
the "q" in lower case; others, in upper case), that will be offered on 
MySpace in six eight-minute installments. Some media writers speculated 
that if the webcasts are successful, they could be developed into a 
feature film or a network series.


 
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