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alyasa 10.11.2006 12:32 AM

Google buys YouTube


SAN FRANCISCO: Web search leader Google Inc has agreed to buy top video entertainment site YouTube Inc for US$1.65bil in stock, the highest price yet paid for a consumer-generated media site.
The first deal to value one of the new generation of user-participation websites at more than US$1bil combines two of the most popular Internet brands: Google, synonymous with Web search and rapid innovation, and YouTube, a Silicon Valley upstart that has spearheaded the video-sharing craze.
YouTube, which grew in 19 months from a start-up in a garage to now serve up 100 million videos daily, has drawn scrutiny from major media companies for copyrighted television and music videos that users post without owner consent.
While YouTube said on Monday it had signed a spate of distribution agreements with major record labels, some analysts caution thath Google could still be inviting lawsuits with this acquisition.



 

A file picture shows Chad Hurley (left) and Steve Chen posing for photo at their office loft in San Mateo, California. --APpic


“YouTube is phenomenally valuable in terms of traffic and in the Internet sector this is important just like location is important in real estate,” Oppenheimer analyst Sasa Zorovic said of combining YouTube with Google's advertising machinery.
Analysts said the deal would thrust Google quickly into the emerging market for video advertising, where it had only a tiny foothold compared with Yahoo Inc and start-ups.
The all-stock deal, expected to close this quarter, was structured to make it tax-free for YouTube shareholders and cheaper for Google than paying cash, company officials said.
The move was a big departure for Google, Citigroup analyst Mark Mahaney noted, with the purchase price almost equal to the total value of what the company had spent on prior mergers. But the value of combining one of the world's largest user-generated sites with one of the world's largest advertising and computer networks “could be enormous”, Mahaney said.
YouTube's 29-year-old chief executive Chad Hurley told Reuters in an interview that what had sold him and co-founder Steve Chen, 27, on Google was their belief that its resources and engineering talent could help them realise their goal of delivering the most entertaining online video experience.
“Now we have the resources behind us at Google to help achieve our vision,” Hurley said, declining to say how much Google stock he and his partner would receive.
YouTube attracted 72 million visitors worldwide in August, according to Web audience measurement firm comScore Networks, up from 27 million users in April and 2.8 million a year ago. – Reuters

Cantankerous 10.11.2006 12:33 AM

i have already performed my duties of irrelevance today.

alyasa 10.11.2006 12:35 AM

FREE PREVIEW
U.N. Enlists Internet Star for Antipoverty Pitch
By Suzanne Vranica
Word Count: 736 | Companies Featured in This Article: WPP Group
The United Nations is hoping a lonely girl can help it fight poverty. The U.N. has enlisted the star of hugely popular Web video series LonelyGirl15 and other Web video makers to participate in an ad campaign promoting an antipoverty event it plans Sunday. Jessica Lee Rose, the teenage actress who plays "Bree" in Lonelygirl15 videos posted on video-sharing Web site YouTube, will reprise the role that made her famous, sitting in a bedroom by herself, talking into a camera. But this time, rather than talking about a boy, "Bree" makes a plea for the antipoverty cause.

youthoftomorrow 10.11.2006 01:59 AM

i've noticed two connections between Sonic Youth and F. Scott Fitzgerald's novel, The Great Gatsby.

first, one of the most prominent images in the book is the green light, symbolizing the attainment of the American Dream (as well as one's personal goals). the lyrics to SY's song "Green Light" are:

I KNEEL BEFORE THE GREEN LIGHT OF HER
SINGING CRAYON EYES
AND THEN I KISS HER STOMACH AND IT’S THEN I REALIZE:
HER LIGHT IS THE NIGHT - I’M NOT BLIND -

I BELIEVE IN YOU
I SEE A GREEN LIGHT

the link is obvious to me. the female that Thurston is referring to is undoubtedly Daisy Buchanan. Gatsby devotes his entire life to fulfilling his goal of marrying Daisy and sees the green light at the end of her dock as a beacon of the future.

the second connection i've made between The Great Gatsby and a Sonic Youth song is a quote from the book, made by the character Tom Buchanan, that ends with "I love her all the time." that, too, is the name of a Sonic Youth song (also sung by Thurston):

SHE COMES INTO MY MIND
TWISTING THRU MY NERVES
I DON'T UNDERSTAND
A WORD SHE SAYS
SHE'S ON MY SIDE
I LOVE HER ALL THE TIME

static-harmony 10.11.2006 03:04 AM

Gotta give it up for youthoftomorrow, for making that connection.

Gulasch Noir 10.11.2006 03:22 AM

Quote:

Originally Posted by Nefeli
need to watch this asap.
http://www.imdb.com/title/tt0020530/


.... on youtube for now
http://youtube.com/watch?v=oQRmZvSo6Z0

finding nobody 10.11.2006 06:21 AM

 

Jico 10.11.2006 06:27 AM

yeah i love short films, and that is one of my favourites.

atari 2600 10.11.2006 11:23 AM

 

Inhuman 10.11.2006 12:08 PM

The fuck happened to POST SHREDDIES? Never fucking see them anymore. The cats are the shit though, all crawlin n`crawlin n`crawlin n`crawlin n`crawlin n`crawlin
 

whorefrost 10.11.2006 12:13 PM

 

Inhuman 10.11.2006 12:17 PM

GILGAMESH
 

samuel 10.11.2006 02:16 PM

492

static-harmony 10.11.2006 03:42 PM

hopeless

CHOUT 10.11.2006 03:43 PM

I'm drinking a Caffeine Free Diet Pepsi.

static-harmony 10.11.2006 03:45 PM

When You Were Young.

thindarkduke13 10.11.2006 05:50 PM

Janet!
Dr. Scott!
Janet!
Brad!
Rocky!

Janet!
Dr. Scott!
Janet!
Brad!
Rocky!

Janet!
Dr. Scott!
Janet!
Brad!
Rocky!

Cantankerous 10.11.2006 05:53 PM

HEAD ON! apply directly to the forehead!

HEAD ON! apply directly to the forehead!

HEAD ON! apply directly to the forehead!

static-harmony 10.11.2006 05:56 PM

I would rep you cantanky but you know how it goes.

Cantankerous 10.11.2006 05:57 PM

so i assume you get it then?


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