YouTube - The Billion Dollar Website
Posted September 23, 2006 — in Music News
YouTube has finally named its price according to a US newspaper report that claims the video sharing website is holding out for $US1.5bn ($1.99bn) offer from would-be suitors.
Yesterday’s report in the New York Post said the figure had come from a senior industry source and it named potential buyers as Viacom, Disney, AOL, eBay, and News Corp, parent company of The Post.
Youtube is seeking out new ways to generate revenues on the back of its success through advertising and content deals and is also facing a battle to legitimise its activities amid industry accusations that much of its video content violates copyright protection.
Other labels, including Capitol Records, have also been dabbling with the idea of releasing commercial videos on YouTube and NBC is using YouTube to promote some of its television content after the two forged a partnership in June.
I always thought that myspace would have an easier time of making money, as they have banners all over the place.
Bandwidth can be expensive, and I’m not sure where youtube’s revenue is coming from or is gonna come from. Video ads are on their way, youtube can make deals there, I guess. I’ve had a music video website since like 1999 or so, and I’ve been hoping for video ads for quite a while, it just hasn’t happened yet. http://webmusicvideo.com - not a great site or anything, no $, but I thought I had decent vision. youtube is asking more than what news corp paid for myspace’s parent if memory serves.
Comment by parocks — September 28, 2006 @ 3:46 am