Dec 11, 2006 : TV Networks Plan YouTube Rival

📅 December 11, 2006 - New Corp's Fox, Viacom, CBS and NBC Universal are in talks about creating a video streaming Web site to compete with Google's YouTube, according to reports by the Wall Street Journal.

The Journal reports that the four media companies want to create a jointly owned Web site that would grow to be the primary Web source for videos from their television networks. The companies aim to cash in on the fast-growing market of Web video advertising and have also discussed building a Web video player that could play clips.

In less than two years, YouTube has grown from a Silicon Valley start-up to the most popular online video-sharing site, delivering more than 100 million daily views, says the Journal. Many videos on YouTube are homemade clips uploaded by users but some of the most popular content is pirated TV shows and some media companies have threatened to sue YouTube for copyright infringement while others, including CBS and NBC, have struck licensing deals with the site.

Walt Disney, the owner of ABC, is not joining in the talks because it says it wants to rely on the strength of its own brands.

Reads: 1963 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/121106_TV_Networks_Plan_YouTube_Rival.cfm
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