Just read about NBC and News Corp the other day. I find it funny that they are both forced to work together and develop a site that will compete against YouTube, now owned by Google. I don’t think NBC and News Corp truly understand why YouTube is so successful. The whole idea behind YouTube is a concept based off of sharing and open content, if NBC and News Corp think that by merely developing a site the mimics the idea of YouTube, they are seriously mistaken. Even Google Video failed where YouTube excelled which is why they purchased the web 2.0 video site in the first place. Silly television stations … video is for everyone now.
The Globe and Mail had this to say:
News Corp. and NBC are trying to stem the seepage of advertising dollars from their own Web video sites to Google Inc., which bought YouTube last year.
In the United States alone, online video is expected to draw more than $800-million (U.S.) in 2007 and much of the Internet traffic for streaming video finds its way to YouTube.
The alliance also comes as Google faces a $1-billion copyright infringement lawsuit by Viacom Inc. — owner of networks such as MTV and Nickelodeon — and other media players are upset over Google’s reluctance to share revenue.
The new site will be supported by advertising dollars and is expected to launch this summer.
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