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Sony Pictures Television is launching a new series on the Web, 'Angel of Death,' with the hope that it'll do well later as a DVD. Budget is $1 million, and it'll be shown in eight-minute chunks online, according to the Wall Street Journal.From Sarah McBride's piece:In addition to generating some ad revenue on the Web, Sony hopes that launching the show online will translate into strong sales for the DVD, much as a good start in theaters builds DVD sales for feature movies."We're not expecting to make all our money back in that initial [online] window," says Sean Carey, senior executive vice president, Sony Pictures Television.Key for these bigger-budget Web series will be getting them distributed on lots of sites, and sparking some geniune Internet buzz around them. (I feel like the only things I heard about 'quarterlife' and 'Prom Queen' was from mainstream media articles about them.)