YouTube is ‘toast’
September 29, 2006
Billionaire investor and dot-com veteran Mark Cuban had harsh words on Thursday for YouTube, the online site that lets people share video clips, saying only a “moron” would purchase the wildly popular start-up……
Cuban, co-founder of HDNet and owner of the NBA’s Dallas Mavericks, also said YouTube would eventually be “sued into oblivion” because of copyright violations……
YouTube, which has nearly one-third of the US web video audience, three times that of Google, or twice that of News Corp’s MySpace, has been working on signing licensing deals with music companies and TV networks to ensure they are paid when users view their content……
This month YouTube unveiled its first deal to distribute music videos legally from a major music company by agreeing a deal with Warner Music Group, home to pop stars James Blunt and Madonna……
In other remarks, meanwhile, the often-controversial Cuban also told advertisers that the reach of YouTube is limited, particularly when it comes to user-generated videos……
YouTube now offers advertising through banner ads, promotions and sponsorships. It has said it plans to roll out a range of different advertising options over the coming year…..
Reuters
source: http://www.smh.com.au/news/biztech/youtube-is-toast/2006/09/30/1159337344017.html
-hmm,,,I like youtube, many sort clips, very entertaining sometimes when you are bored
also while thinking about how my essay should go, can youtube be used to faciliate the court case?….think think think….