Eric Schmidt, CEO of Google said "The YouTube team has built an exciting and powerful media platform that complements Google's mission to organize the world's information and make it universally accessible and useful. Our companies share similar values; we both always put our users first and are committed to innovating to improve their experience. Together, we are natural partners to offer a compelling media entertainment service to users, content owners and advertisers."
100 million videos are veiwed on YouTube daily! Chad Hurley, the co-founder of YouTube said "We are excited to have the resources to move faster than ever before" Others say that buying YouTube is a bad move for Chad, Steve, and Jawed.
"Others are sceptical about whether the kind of content YouTube offers will attract advertisers in the long term. In-Stat, the US research firm, recently predicted that the user-generated content market would only hit $850m in value by 2010."
Posted by Funsocks on Oct, 15th 2006 04:12 AM (04:12).