Home > ResourceBlog > Article

« All ResourceBlog Articles

 

Bookmark and Share   Feed

Monday, 9th October 2006

Hello GooTube; No Surprise: Google Acquires YouTube for $1.65 billion

Fast Facts:

+ 1.65 Billion in a Stock-to-Stock Transaction

+ "YouTube will operate independently to preserve its successful brand and passionate community."

+ "YouTube will continue to be based in San Bruno, CA, and all YouTube employees will remain with the company."

Quick thoughts from Gary:
1) Sounds like Google Video and the Google Video Upload program didn't work out like Google had hoped although the news release and Eric Schmidt says it is successful and will not go away.

2) What, if anything does this mean for the Google/AOL deal which includes video? In fact, AOL already has their own video upload and sharing service (UnCut). In fact, you can even upload video from your mobile.

2) Interesting to see if ANY Google logo/name will be on the YouTube site. From the sound of it, the answer is no. However, there is now a "thank you" video from the YouTube founders on the YT site.

3)

“Our community has played a vital role in changing the way that people consume media, creating a new clip culture. 

--YouTube Co-Founder Chad Hurley

4) Don't confuse "clip culture" with the "snippet culture" that Google offers with Google Book Search.

5) Reminds us (for a lot less $$$) of Yahoo building Yahoo 360 and MyWeb 2.0 and then acquiring del.icio.us. Build, then buy, that's the way it seems to go.

6) Of note: Google has signed deals with Sony Music and Warner Music. This is also in a sense a play against the massive music video library that Yahoo Music and Rhapsody offers. A deal with CBS is different as reported by News.com. However, from what we can tell, this does not cover non-music content, content recorded off of TV, etc. Get the lawyers ready?

7) News.com offers a list of some Internet deals that didn't work out like some had hoped.

Other Databases: Check Billboard's Collection of Music Videos and SingingFool.com

See Also: Coverage from Greg Sterling at SEW

See Also: Marc Cuban on Why YouTube Would Be a BAD Purchase
Note: This was published on 9/17/2006.

See Also: Perspective: OK, so Eric Schmidt is a moron
By CNET Exec Editor, Charles Cooper. The title refers to the comments made by Marc Cuban in the story linked above.

See Also: YouTube may add to Google's copyright worries (via News.com)
If they already don't exist already, companies monitoring YouTube and similar sites for copyright violations and sending out DMCA requests might have a bright future.

From the article:

Section 512 essentially lets hosting companies off the hook for legal liability, as long as they respond promptly to formal notifications from copyright owners and remove any infringing material. YouTube does this through a formal posted policy, and prohibits uploads of unauthorized videos more than 10 minutes in length.

Several other rules apply that are mentioned in the article.

In a few quick searches (really quick) of YouTube we found lots of material from Saturday Night Live, performances from the Jimmy Kimmel Show and NFL coverage from several networks. How about some 24?
And that's only video, what about all of the music used in various homemade music videos?

See Also: Battelle on Acquisition

+ See Also Google Puts Lid on New Products (via LA Times)
No doubt this deal was in the works before this story in Friday's LA Times?


Category:

Views: 1164




« All ResourceBlog Articles

 

FreePint

FreePint supports the value of information in the enterprise. Read more »


FeedLatest FreePint Content:


  • Click to view the article Product Review of Innography (Introduction; Contact Details)
    Thursday, 31st July 2014

    Cathy Chiba introduces Innography and some of its key intellectual property products: Advanced Analysis, Innography Explorer and PatentScout. Innography’s software combines patent data with key business, scientific, and technical information to enable rapid insights for decision-making.

  • Click to view the article Selling Knowledge Management Within Your Organisation
    Thursday, 31st July 2014

    One of the biggest challenges that knowledge managers often face is selling knowledge management within their organisation. Whilst the managers can be as enthusiastic as they like about KM and the benefits it brings, many people have argued that efforts to sell it within organisations should be focused on several key groups. James Mullan explores which are the key stakeholders and how can knowledge managers can effectively sell knowledge within their organisations.

  • Click to view the article Product Review of Reg-Track (Value - Competitors, Development & Pricing)
    Thursday, 31st July 2014

    In the final part of his review, author Chris Porter assesses how the Reg-Track regulatory tracking and compliance service helps users in the financial services industry to improve business efficiency and reduce regulatory and reputational risk.

  • ... more ...

All FreePint Content »
FreePint Topics »


A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.


FreePint Testimonials

"FreePint is timely and responsive to topical issues. The service offers a really good catch-all for news and pointers on sources that you would ..."

Read more testimonials and supply yours »






 

 
 
 

Register

Register to receive the free ResourceShelf Newsletter, featuring highlighted posts.

Find out more »

Article Categories

All Article Categories »

Archive

All Archives »