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> instead of expanding YouTube to be a VoD provider is utterly baffling.

Do we really need another one?

Good point, fragmentation of VoD services isn't a good thing.

Didn't youtube actually tried that once? I remember seeing some movies on YouTube that I could pay to watch.

(And when I tried it, I got the familiar "not available in your country".)

You can still stream movies you rent from google play store on YouTube.

Oh, ok, didn't know that. And looking at the prices, I won't try that anyway.

"and includes unlimited cloud DVR storage with no fixed term contract"

That is essentially VoD that they are offering as well as broadcast.

"unlimited DVR" is PR speak for VoD in this case.

No, that's still DVR. Some channel still needs to broadcast stuff you're trying to watch and you need to set it up to be recorded for you account. Even if they offer catch-up-TV feature you're still limited to whatever the ad-ridden cable channels actually broadcast in last few days.