Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Advertising News

 

Yahoo to Announce Own Version Of YouTube

1 Updates
Yahoo to Announce Own Version Of YouTube
Photo Credit: Getty Images
 
 

YouTube Videos Comments

Full Story

Yahoo to Announce Own Version Of YouTube

There are 62 video sharing sites worldwide at the moment, and of course the largest by far is YouTube, which now garners more than 17% of all Internet traffic. That’s why you have to wonder why a company would even think about launching a new platform in this already crowded field dominated by an 8,000 pound gorilla.

Yahoo sees it differently however, as it’s been reported by AdAge that the company plans to launch a new video service geared to compete directly with YouTube. The company has apparently been approaching many popular YouTube creators, dangling promises of larger revenue splits in an effort to launch with some significant names and content.

Yahoo has wanted to enter into the video business for some time, as evidenced by last year’s unsuccessful campaign to acquire DailyMotion and CEO Marrissa Mayer’s numerous statements that she felt the company needed to increase its video presence in order to succeed.

Like on YouTube, content creators can reportedly start their own channel, and will have access to a dashboard that enables them to publish across all Yahoo assets like the home page (still one of the most visited sites on the Web) and its recently acquired Tumblr microblogging site. The company isn’t requiring an exclusive deal though, as anyone with a Yahoo channel can also simultaneously post on YouTube or any other video platform as well.

There is a big potential stumbling block, however, in that Yahoo’s current agreement with content creators reportedly requires that the company be given a perpetual license to any videos that are shared on Tumblr, which effectively allows Yahoo to control the video’s ownership rights as a result. One would assume that this language will be stricken from the final agreement before the service is launched, since most veteran content creators would simply ignore the service if it remained as is, but that’s not assured, given Yahoo’s history. If that’s the case, it would be an enormous blunder before the service even got out of the box.

While it’s nice to have another service in the online video mix, the prediction here is not to expect a whole lot from Yahoo Video, or whatever it may end up being called. The company has a long history of screwing up good ideas and acquisitions, so the odds are favorable that it will happen again.

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

&#039;NFL Now&#039; Launches on Apple TV With Breaking Football News and Highlights
'NFL Now' Launches on Apple TV With Breaking Football News and Highlights
The video content can be viewed on the iPhone, iPad, Mac (via a web browser) and other connected devices such as Roku, Amazon Fire TV, and as of today, the Apple TV channel that was leaked earlier in the month.
 
 
Intel and Unity announce collaboration to bring Android support to x86 devices
Intel and Unity announce collaboration to bring Android support to x86 devices
Unity will add Android support for Intel’s current and future x86 chips, including the Core and Atom families.
 
 
iPad Air 2 will double-down on RAM
iPad Air 2 will double-down on RAM
The upgrade might be incoming due to the multi-window feature for iPad we’ve been hearing about.
 
 
Walmart discounts on iPhone 5s and 5s
Walmart discounts on iPhone 5s and 5s
Walmart discounts 16GB iPhone 5c to 97 cents, 16GB iPhone 5s to $79 for 90 days
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.