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Print 14 comment(s) - last by GulWestfale.. on Apr 8 at 9:44 PM

The popular video-sharing site will compete with network and cable.

YouTube is one step closer to competing against broadcast and cable with their its original content. The world's largest internet search engine launched it's own television service, Google TV, late last year and now the parent company of YouTube is taking the same chance on the video-sharing website. 

Google hopes to generate more revenue from the popular site with plans to invest $100 million dollars on programming into YouTube, instead of spending money strictly to license content, which is its standard practice. 
 
YouTube has already established itself as a venue that can produce stars with six-figure incomes, and while the site has been known to feature professional entertainment programming in the past, the content on the popular video-sharing platform was usually posted to the site by its users and without owner consent.   

The overhaul will have YouTube competing head-to-head with broadcast and cable television and with a line-up of at least 20 new channels and themes like arts and sports.  YouTube plans to provide at least 5 to 10 hours of new programming per week that will be original, professionally produced content. 

The site is reportedly already in talks with agencies to create channels developed by their clients.  The internet giant also hopes to lure in shows and movies that are already established and well-known. 

The changes on YouTube are expected to start before the end of the year and continued plans for revamping of the site will be rolled out over time.



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Sports
By HrilL on 4/7/2011 5:22:26 PM , Rating: 2
It would be awesome if Google decided to buy the rights to some sports be it NBA, NFL, NHL, MLB. One day they might buy the rights to the playoffs or the Superbowl. Take over the Olympics from NBC since they did a horrible job the last few times. If Google proves itself with free content then it might force the big content owners to finally support what technology allows.




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