Google buys YouTube

Neil · Post by **Neil** » Wed Oct 11, 2006 10:52 am

The two companies will continue to operate independently, Google said as it announced the news on Monday.

YouTube, launched in February 2005, has grown quickly into one of the most popular websites on the internet.

It has 100 million videos viewed every day and an estimated 72 million individual visitors each month.

'Natural partners'

"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," Google chief executive Eric Schmidt said in a statement.

He said the two companies were "natural partners" to offer a media entertainment service to users, content owners and advertisers.

Mr Schmidt also told investors that YouTube will be "one of many investments" Google plans to make in the video field.

However, the company will keep operating its own Google Video as a separate operation.

YouTube will retain its brand, and its 67 staff, including co-founders Chad Hurley and Steve Chen, will keep their jobs.

"Our community has played a vital role in changing the way that people consume media, creating a new clip culture," said Mr Hurley.

"By joining forces with Google, we can benefit from its global reach and technology leadership to deliver a more comprehensive entertainment experience for our users and to create new opportunities for our partners."

According to Comscore World Metrix, YouTube's audience has soared from 2.8 million unique users one year ago to 72 million users in August 2006.

Music tie-ups

The announcement came after a day of distribution deals drawn up by the pair.

Universal Music Group has signed a distribution deal with YouTube, which will protect the rights of the music firm's artists.

YouTube also says it has signed a deal with CBS, which will offer short-form video programming, including news, sport and entertainment on YouTube.

Google has also signed distribution deals of its own, with Sony BMG and Warner Music to offer music videos.

The Google deals should enable internet users in the US to view music videos, artist interviews, and other footage from the two firms on Google video for free from this month.

The content is sponsored through a Google advertising-supported revenue-sharing agreement.

Google also said that in addition to the advertising-supported video content, music videos from Warner would be available for purchase as downloads at $1.99 each.

As part of YouTube's deal with CBS, the companies will share revenue from advertising sponsorship of CBS Videos.

Source: BBC.com

Post by **arnab** » Wed Oct 11, 2006 3:49 pm

GREAT But its still blocked in UAE...

Neil · Post by **Neil** » Thu Oct 12, 2006 5:42 am

arnab wrote:GREAT But its still blocked in UAE...

Really arnab?? Because there are lot of UAE video's in youtube, shoot by locals.

zoheb · Post by **zoheb** » Sun Oct 15, 2006 2:59 pm

I think its ur Etisalat Arnab, that blocks all the good stuff. :blue_rolleyes:

Post by **arnab** » Sun Oct 15, 2006 4:13 pm

Neil wrote:
arnab wrote:GREAT But its still blocked in UAE...
Really arnab?? Because there are lot of UAE video's in youtube, shoot by locals.

yes it was bocked recently, but in Media City there are no proxy so people working over there can view it and upload vdo's

DevilJIN · Post by **DevilJIN** » Mon Oct 16, 2006 10:32 pm

btw incase u guys didnt know

Jawed Karim (born 1979) is the co-founder of the popular video sharing website YouTube.

Karim was born in erstwhile East Germany. His father, Naimul Karim, is a Bangladeshi researcher at 3M. His mother, Christine Karim, is a research assistant professor of biochemistry at the University of Minnesota.[1]

Karim grew up in Germany, but his family moved to the United States in 1992. He graduated from Central High School (Saint Paul, Minnesota), and went on to attend the University of Illinois at Urbana-Champaign.[2] He left campus prior to graduating to become an early employee at PayPal, but continued his coursework, earning his bachelor's degree in computer science in 2004.

While working at PayPal, he met Chad Hurley and Steve Chen. The three later founded the YouTube video sharing website in 2005.[3] After co-founding the company, Karim opted out of full-time involvement and acted as an advisor to YouTube. He then enrolled as a graduate student in computer science at Stanford University.[4]

http://en.wikipedia.org/wiki/Jawed_Karim

Neil · Post by **Neil** » Wed Oct 18, 2006 2:41 am

Very good post man. WOW a young millioniar. I am going to ask my uncle about his dad. because he was also a resercher for 3M in Minnesota till 2001. You guys should check out his resume in his website. Pretty awsome.Bravo Jawed Karim.

Post by **GTI VR6** » Wed Oct 18, 2006 8:39 am

any link to the resume?

Neil · Post by **Neil** » Wed Oct 18, 2006 9:51 am

GTI VR6 wrote:any link to the resume?

http://www.jawed.com/resume/

His interview with CNBC.
http://www.youtube.com/watch?v=z8ehi7Eyg5k

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