Submitted by: kirkland on Monday October 23rd, 2006 at 08:16 PM EST

AOL said Monday it has made movies and television shows from Viacom's Paramount Pictures available for download on AOL Video, as part of its ongoing effort to transform itself into a full-service entertainment company driven by the AOL.com portal.

The cost per movie ranges from $9.99 to $19.99. Paramount films now offered for download include "Breakfast at Tiffany's," "Chinatown" and "Failure to Launch," among many others.

For some time, Time Warner has tried to use AOL.com to take advantage of soaring online usage and advertising revenues.

In August, it said it would offer full-length, downloadable movies from Twentieth Century Fox, Sony, Universal and Warner Bros.

» Full story @ Market Watch