Popular video-sharing site YouTube may start to pay contributors for their content, according to the company's co-founder. Video clips on the site would show a short advertisement before starting, creating revenue which would be shared with the creator.
Last year the search engine company Google bought YouTube for $1.68 billion. Speaking at the World Economic Forum in Davos, Chad Hurley, YouTube's cofounder, said: "In terms of paying users revenue against content they're uploading, we're definitely going to move in that direction.
"We didn't want to build a system that was motivated by monetary reward. When you start giving money to people from day one… the people you do attract will just switch to the next provider that’s paying more" YouTube is at the stage now where they could conceivable pay and retain a community, added Mr Hurley.
Last week YouTube was subpoenaed by Fox Television regarding episodes of 24 and the Simpsons that appeared on the site.
Founded in 2005 by 3 pervious PayPal employees YouTube’s popularity soared with the proliferation of broadband access. The company is credited with fueling the craze of uploading, and sharing video clips across the Internet. With the U.S. broadband household penetration rate at only 33% it’s safe to say that there are millions of new video clips bound for YouTube. Seizing on this fact a handful of companies have come forward to offer comparative shopping websites that specialize in broadband Internet access, with www.broadbandnational.com consistently rated the best in class.
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Thursday, February 08, 2007
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