West Coast Connection Forum
DUBCC - Tha Connection => Outbound Connection => Topic started by: Meho on October 10, 2006, 05:43:11 AM
-
Google Inc. acquired internet video site YouTube.com on Monday for a reported $1.65 Billion.
According to The Associated Press, the deal will now allow Google to become a major force in the online video market and is by far the most expensive purchase to date for the eight year-old company.
The move is being seen as a marketing tool for the company, as more viewers and advertisers migrate from television to the Internet. YouTube also announced on Monday a new partnerships with Universal Music Group, CBS Corp. and Sony BMG Music Entertainment.
Just last month the popular site also partnered with Warner Music Group, and it also recently formed a channel with hip-hop mogul Sean "Diddy" Combs, as SOHH previously reported.
"We are natural partners to offer a compelling media entertainment service to users, content owners and advertisers," said Eric Schmidt, Google's chief executive officer.
YouTube, which was started by 29 year-old Chad Hurley and 27 year-old Steve Chen in February of 2005, has grown exponentially in popularity since the site's inception, showing over an estimated 100 million video clips per day. As part of the deal, the site will also retain its entire roster of 67 employees, including both Hurley and Chen.
-
wrong section pal! :P
-
i want 1.65 billion >:(
-
Bastards, 1.65 billion after only one and a half years in business, thats crazy.
-
i want 1.65 billion >:(
-
The move is being seen as a marketing tool for the company, as more viewers and advertisers migrate from television to the Internet. YouTube also announced on Monday a new partnerships with Universal Music Group, CBS Corp. and Sony BMG Music Entertainment.
Google is taking over.
-
It's funny that (I think) Google had G Video first and now they're buying the competition.
-
watch them filter out a bunch of shit now
-
Sucks ass, back in college in 2002 i was tossing around the idea (as im sure 1000s of people have) of an online video stream site - but being in college meant no dinero to do shit...so dubcnn it was, as of yet not offers of anywhere near 1 billion lol ;D
-
Sucks ass, back in college in 2002 i was tossing around the idea (as im sure 1000s of people have) of an online video stream site - but being in college meant no dinero to do shit...so dubcnn it was, as of yet not offers of anywhere near 1 billion lol ;D
I'll pay you € 1,000 for Dubcc in cold cash and retain Jome as an employee.
-
Sucks ass, back in college in 2002 i was tossing around the idea (as im sure 1000s of people have) of an online video stream site - but being in college meant no dinero to do shit...so dubcnn it was, as of yet not offers of anywhere near 1 billion lol ;D
Your ship will come. Keep striving, Rud.
-
Your ship will come. Keep striving, Rud.
Haha, you never know i guess man, thanks :)
and 1000 is a bit cheap if your wanting Jome too!
-
Bad move by Google, within the next year every major movie studio and recording company will sue the fuck out of youtube since you can basically get copyrighted material all over the place on there and youtube does nothing to deter it. The only reason they haven't sued before is because there was no money at youtube. Now there is. Yay Google!
-
Bad move by Google, within the next year every major movie studio and recording company will sue the fuck out of youtube since you can basically get copyrighted material all over the place on there and youtube does nothing to deter it. The only reason they haven't sued before is because there was no money at youtube. Now there is. Yay Google!
I heard them talk about doing something similar about a month ago, so I was a bit surprised. But knowing Google, they'll work out something as far as liscensing, because that is still helpin out the companies since they get free promotion on it. Think about all the movie trailers that are on Youtube that the companies didn't have to pay a single penny to upload, and the exposure ends up being ridiculous
-
I ain't gone lie...I'm hella jealous. Youtube and Myspace seem like such simple ideas, I wish I would've thought of one. Ahh well I'm only 19, I got plenty of time to come up with a billion dollar idea (hopefully).
-
R-Tistic, you're using an argument that many have used before and failed in the online distribution area. I'm not saying you're wrong, i'm just saying that record companies have heard that before, and they're not exactly standing in line to have youtube let you download their music videos and shit for free. Record Companies and Movie companies love to sue people over this shit, i guarantee you there will be tons of lawsuits thrown at Google, whether it's right or wrong, it's going to happen. Bad purchase.
-
Didn't Warner or Sony just sign a contract with YouTube for something? Doesn't sound like a lawsuit to me.
/me awaits verbal assault from Trauma.
-
Bad move by Google, within the next year every major movie studio and recording company will sue the fuck out of youtube since you can basically get copyrighted material all over the place on there and youtube does nothing to deter it. The only reason they haven't sued before is because there was no money at youtube. Now there is. Yay Google!
Why didn't you warn them ;D
-
Didn't Warner or Sony just sign a contract with YouTube for something? Doesn't sound like a lawsuit to me.
/me awaits verbal assault from Trauma.
Say it like a man, bitch. Don't play games with me.
-
Bad move by Google, within the next year every major movie studio and recording company will sue the fuck out of youtube since you can basically get copyrighted material all over the place on there and youtube does nothing to deter it. The only reason they haven't sued before is because there was no money at youtube. Now there is. Yay Google!
Why didn't you warn them ;D
... because I don't give a fuck. Let them get sued, they can handle it. Mark my words... I know I will. As soon as I see the newstories about google getting the fuck sued out of them, I'll post here. When I do, i fully expect you to come on the post and admit that I was right and you were wrong. I'll be waiting for that, but I likely won't remember who you are, so remind me. Send me 5 dollars.
Jeremy Washington
P.O. Box 464588
Charlotte, NC 28356
-
Damn 1.65 Billion after 1 1/2 years of operation.. those motherfuckers are rich!!! you know they are buying new cars.. houses.. women.. yachts LOL