youtube

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FACTS

-Three former paypal employees, Chad Hurley, Steve Chen, and Jawed Karim created youtube in Feb. 2005 -Google bought youtube in Nov. 2006 for 1.65 billion -With about 70 million visitors a month in the US -The company has amassed a collection of more than 100 million video clips -YouTube earns revenue by selling advertising, and has partnership deals with content providers such as CBS, Warner Music Group, and the NBA. -Competitors: HuLu, AOL, and Myspace -Unregistered users can watch the videos, while registered users are permitted to upload an unlimited number of videos -Accounts of registered users are called channels -Everyone can watch videos on YouTube. People can see first-hand accounts of current events, find videos about their hobbies and interests, and discover the quirky and unusual. As more people capture special moments on video, YouTube is empowering them to become the broadcasters of tomorrow. -YouTube received funding from [|Sequoia Capital] in November 2005 and was officially launched one month later in December. Chad Hurley and Steve Chen proceeded to become the first members of the YouTube management team and currently serve as Chief Executive Officer and Chief Technology Officer respectively. -In November 2006, within a year of its launch, YouTube was purchased by Google Inc. in one of the most talked-about acquisitions to date. YouTube has struck numerous partnership deals with content providers such as CBS, BBC, Universal Music Group, Sony Music Group, Warner Music Group, NBA, The Sundance Channel and [|many more]. -The company has amassed a collection of more than 100 million video clips, many of which feature user generated content, which it broadcasts online via its Web site at YouTube.com. -With about 70 million unique visitors a month in the US (and the sixth largest audience on the Web), it has become the clear leader in online video sharing. -CEO: Chad Hurley Head of Advertising Sales: Suzie Reider Senior Director Marketing: Julie Supan -Founded in 2005 by Chad Hurley, Steve Chen and Jawed Karim, it was acquired by Google in 2006 for $1.65 billion. -Within a couple years, more than 25 quadrillion bytes (petabytes) of videos were being streamed from the site each month. In the 2008 presidential campaign, videos of Barack Obama and John McCain were viewed more than two billion times according to media firm TubeMogul. -Launched in 2005, YouTube supports AVI, MOV and MPEG video formats from most digital cameras, camcorders and cellphones and recommends DivX or XviD (MPEG-4) at 320x240 resolution for best results. -San Bruno, California-based YouTube, Inc., is the Internet's premier video-sharing service and since 2006 a subsidiary of Google Inc. -The genesis of YouTube dates to late 2005, although the circumstances are not altogether clear. What is certain is that the company was founded by three former PayPal employees, Chad Hurley, Steve Chen, and Jawed Karim -IFILM Corporation; Movielink LLC; Yahoo! Video. -YouTube has struck numerous partnership deals with content providers such as CBS, BBC, Universal Music Group, Sony Music Group, Warner Music Group, NBA, The Sundance Channel and many more. -In March 2007, Viacom introduced its much talked about $1 billion lawsuit against Google and YouTube. In a statement explaining why they were pursuing legal action, Viacom stated that “we must turn to the courts to prevent Google and YouTube from continuing to steal value from artists and to obtain compensation for the significant damage they have caused.” -In June 2007 YouTube launched local versions in Brazil, France, Ireland, Italy, Japan, Netherlands, Poland, Spain, and the U.K.
 * YouTube was the number one video site on the Internet as of January - with 67.5 million unique users in the U.S., according to Nielsen NetRatings.
 * The site also was the 6th largest Internet destination overall, Nielsen determined.
 * People watch hundreds of millions of videos a day on the service.
 * Every minute, 10 hours of video is uploaded to YouTube.
 * Of the 9.5 billion online videos watched in the U.S. in November last year, 2.9 billion of those were watched on YouTube, according to Comscore.

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