Now, if you are crazy about video so much that you must go to YouTube website numerous times per-day and you’ve uploaded your own original video before, you might be delighted to hear that you can now make money with your hobby. YouTube founder Chad Hurley confirmed to the BBC that his team was working on a revenue-sharing mechanism that would “reward creativity”.
YouTube which registered 70 Million users each month will roll-out the revenue-sharing system in a couple of months. You will get the pie of the revenue provided you own the full copyright of the videos that you uploaded onto YouTube website.
Google Inc. (Nasdaq: GOOG, stock) which bought over YouTube for $1.65 Billion was believed to be working on “audio fingerprinting” technologies to identify copyrighted material with YouTube in order to leverage on video for advertising.
This is also a good news to stocks or option traders investing in Google shares as the future profit from advertising which contribute to the bulk of its’ revenue is seen to grows further. Already there were rumors about Google having plans to generate advertising revenue from audio since it bought over dMarc back in January-2006 for $102 million in cash. dMarc is a company that works with radio advertisers in the sales, scheduling, delivery and reporting of radio ads.
# TIP: FinanceTwitter believes Google will once again beats the earning estimate during the quarter ended 2006 of which investors should start investing on any stock price pull-back.
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January 28th, 2007 by financetwitter
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