YOUTUBE CHASING HOLLYWOOD'S AD $
August 3, 2006 -- YouTube, the popular but unprofitable video-sharing site, is going after the big ad dollars.
The Internet phenom has inked deals with major advertisers from Hollywood studios to sneaker makers and is busy lining up more in a bid to become a viable business.
YouTube just launched a campaign for Lions Gate's new horror flick, "The Descent," after testing the waters a couple of weeks ago with ads for Disney's "Pirates of the Caribbean" sequel.
Entertainment companies are eager to advertise on the site, where people watch more than 100 million clips every day ranging from movie trailers to amateur videos
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