Walt Disney Studios has signed a new pact with Google-owned YouTube for an online rental agreement, where customers can rent hundreds of Disney movies for as low as $1.99. Here's the official statement posted on Google's blog.

Today, the first of hundreds of The Walt Disney Studios movies from Disney, Disney·Pixar and DreamWorks Studios are coming to YouTube. These titles join thousands of full-length feature films from major Hollywood studios that already are available to rent at YouTube.com/Movies.

Fans of animated movies? We've got the beloved animated classic, Alice in Wonderland and the newly envisioned Winnie the Pooh. Love Disney·Pixar? We have hits like Cars and Cars 2 all in one place. Up for a little bit of adventure? We'll take you from the darkest depths of the oceans with all four of the Pirates of the Caribbean movies, including the most recent blockbuster in the franchise Pirates of the Caribbean: On Stranger Tides.

So gather the family and friends to watch your favorite Disney movies at YouTube.com/Movies. Check back in because even more of the great Disney classics and new releases will be added in weeks to come, including our YouTube Movie Extras with behind-the-scenes clips, interviews, and more."

New releases, such as Pirates of the Caribbean: On Stranger Tides, will be available to rent for $4.99, and catalog titles will cost $1.99. The rental allows users 30 days to watch the movie, although the rental expires 48 hours after the movie starts playing. Disney joins Sony, Universal, and Warner Bros. as partners in this YouTube rental endeavor.

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