YouTube New Money Maker Next Year
June 25, 2008
Stumble it!In an interview with the Google CEO interview, said that Google will apply a new money-maker with different advertising methods with Youtube, which he said later that youtube consumes the majority of Google’s outgoing network bandwidth.
Google is moving to transform YouTube, its popular online video-sharing site, into a money-maker via new forms of advertising it will unveil over the next year, Schmidt said.
He was cautious about how profitable this might prove to be. For now, YouTube’s video traffic consumes the majority of Google’s outgoing network bandwidth. But he said it could possibly lead to the “creation of a whole new industry.”
“We don’t yet know how we are going to make significant amounts of money on YouTube,” Schmidt said. “But it seems obvious that we should be able to make some money from this.”
Full Article: Reuters
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June 25th, 2008 at 3:28 pm
If I am not mistaken, this is the new TV ad platform they demoed a few weeks back during a live webinar. It was really boring to sit through but I am sure this is what it’s all about.