Friday, September 29, 2006

YouTube morons

Not everyone loves YouTube. Dotcom billionaire investor Mark Cuban is no fan.

He had some very severe words for YouTube and says that anyone who buys it would be a moron.

This is clearly going to make the digital executives at companies like News Corporation and Viacom sit up. They had, no doubt, been running the slide rule over the video-sharing business with a view to possibly snapping the thing up.

Cuban, who co-founded of HDNet and owns the NBA team the Dallas Mavericks, has predicted that YouTube will be "sued into oblivion" on the back of copyright violations.

"They are just breaking the law. The only reason it hasn't been sued yet is because there is nobody with big money to sue."

It has been a constant problem for YouTube, but it is going some way to sort this out, by signing deals with the likes of Warner Music Group.

It signed a deal with Warner to avoid legal action for breach of copyright.

It is also in talks with other major record companies, including EMI about hosting old and current music videos for its users to view for free.

The discussions are believed to centre on the nature of the business model and how it will balance free viewing with ad revenue and revenue for the labels and their artists. Question is whether all this is enough. Just take a look and you will find lots and lots of copyrighted material on YouTube.

YouTube's ambition is to have "every music video ever created" up on the site, according to its co-founder Steve Chen.

YouTube already has more than 100m video showings daily, which has of course led to speculation that the firm will be sold or taken public.

Just yesterday Yahoo! snapped up another video-sharing firm Jumpcut. No news on how much it paid.

Cuban reckons that unlike other rivals in the social media space, there is a reason YouTube hasn't had an IPO or been sold and it is because it is going to be "toasted".

"User-generated content is not going away," he said. "But do you want your advertising dollars spent on a video of Aunt Jenny watching her niece tap dance?"

"Somebody puts up something really good and you get, what, 60,000 viewers?"

3 Comments:

At 2:37 PM, Blogger Mrs Belmot said...

Gordon - you're famous! Look here:
http://mrsbelmot.blogspot.com/2006/09/mountain-prophet-and-mrs-belmot.html
I've put you on MY blog!

There are definitely NO hard feelings because I think we're both in the same boat. I've just come back from the shops and now I've got to go right BACK again because I forgot the parsnips. I swear I'm going MAD sometimes!

Hope you are well!

Thanks you.

Janet

 
At 5:05 PM, Anonymous Anonymous said...

Sounds like you've pulled Gordo. She's 59 but I'm sure you can go on nice walks together, if little else. I think it's time you moved on from Susan...

 
At 1:23 PM, Anonymous Anonymous said...

Who knows where to download XRumer 5.0 Palladium?
Help, please. All recommend this program to effectively advertise on the Internet, this is the best program!

 

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