channel-4

A group of the UK's top television broadcasters are coming together to create a new online video on demand service. The service, codenamed Project Kangaroo, will feature content from the BBC, ITV, and Channel 4.

The broadcasters will reportedly be making 10,000 hours of programming available. You'll be able to watch some content for free online, while others you'll be able to pay to download. Like most competing services, it looks like you'll either be able to "rent" a video for a limited period of time or buy it so you can save it and cherish it forever.

While Project Kangaroo will be online-only at first, there are apparently plans to eventually let users watch content directly on their television boxes.

The BBC does not plan to kill off its iPlayer service, but will be offering much of the same content via iPlayer and Project Kangaroo.