YouTube to Share Revenue With Users
I don’t normally follow the World Economic Forum, but YouTube co-founder Chad Hurley made an exciting announcement there yesterday.
YouTube to Share Revenue With Site’s Users
By Paul Haven
Associated Press
Sunday, January 28, 2007DAVOS, Switzerland — Chad Hurley, co-founder of YouTube, said Saturday that his site will start sharing revenue with its millions of users.
Hurley said one major proposed innovation is a way to let users be paid for content. About 70 million videos are viewed daily on YouTube, which was sold to Google for $1.65 billion last year.
“We are getting an audience large enough where we have an opportunity to support creativity, to foster creativity through sharing revenue with our users,” Hurley said. “So in the coming months we are going to be opening that up.”
Hurley, 30, gave no details of how much users might receive or what mechanism would be used.
In October 2005, Revver — which like YouTube offers video clips online — announced plans to attach advertising to user-submitted videos and give their creators a cut of the profit.
YouTube is huge in the Philippines. Online ad revenue shares that seem meager in the US can go a long way in the Philippines. Revver pays through PayPal, but PayPal doesn’t send money to the Philippines. Google, on the other hand, sends AdSense checks to the Philippines.
That’s why I think YouTube revenue sharing will create a whole new video cottage industry in the Philippines, one that will further speed the fall of Philippine TV. After all, why should video talents deal with TV networks’ bullshit when they can make money with a webcam?
(Via Joey Alarilla.)
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Does anyone possibly have a contact for advertising on You Tube? Not the viral video kind, but banners etc. The contact form does not achieve any response, after dutifuly completing it 3 times!
Wow, Chad Hurley is a youthful, handsome man for his 30 years.
He has earned himself a place on the Honorary Antiaging Wunderkinds list:
antiaging4geeks.com
So many good looking geeks out there. The negative stereotypes are silly and outdated.
Peter J. Lupo Esq.
antiaging4geeks.com
Mr. Chad-Hurley! I live in the Brazilian city of Uberaba, Minas Gerais, have four daughters, aged 23, 17, 13 and 11 years. Vanessa Cristina, Bruna Giovanna, Rebeca Paula Fernanda and Daniela. Our history, my wife and I with much struggle managed to buy land and even still single, we build a house, then my wife got pregnant and had to stop the construction and live in the house as it was, so nine years we lived in the house but my daughters were growing and we need to build our house, we had a financing, our house was pretty, but we can not pay for the funding and had to sell it. Today we live in a house of my work. For comments and you know that billionaire, I know who worked very hard to be as rich, but worked hard in this life, yet have not had the same luck. So help my family buying a house for us here in our city.
LEOCADIO CLAUDIO SILVA
Street Café, 255
Neighborhood: Amoroso Costa
CEP: 38072-580
Cell Phone: 34 8854 5016