Google is not sure how they can make money from Youtube.com, one of their most popular and expensive acquisition. Eric Schmidt, chief executive of the search giant said that it "seemed obvious" that Google would generate "sufficient amount of money" from Youtube, but they haven't figured out a way yet. In an interview with The New Yorker he further added that Youtube had the potential of creating a whole new industry based on the facts that they knows people are watching it and they have the luxury of time to invest. According to him, Google's aim was to change the world and the company did not "start from monetization".
According to a small research made by Digital Ethnography, total videos loaded as of March 17th 2008 is 78.3 million and videos uploaded per day is over 150,000. And we already know Youtube reaches almost 129 million people every month.
So that's power of online videos in the present day market and with Google still figuring out a way to go about it, monetization of videos is definitely on the making. The day is not far when online videos can make billions of dollars.
According to a small research made by Digital Ethnography, total videos loaded as of March 17th 2008 is 78.3 million and videos uploaded per day is over 150,000. And we already know Youtube reaches almost 129 million people every month.
So that's power of online videos in the present day market and with Google still figuring out a way to go about it, monetization of videos is definitely on the making. The day is not far when online videos can make billions of dollars.
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