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October 10, 2006
Google Buys YouTube
Isn't that great news? I mean for YouTube. We've entered an age in which data communications and data storage are essentially free. That phenomenon is creating fantastic opportunities for innovative ideas ... like YouTube. The company launched in the summer of 2005 and in August, 2006, had 19.1 million visitors. Think about that! 19.1 million customers in twelve months. And, I tell my students, it isn't over yet! Keep thinking about innovative applications of data communications and storage.
Mark Cuban thinks Google bought a mountain of lawsuits. I disagree. Sure, where there's a big pile of cash, there's always a lawyer willing to sue, but major media companies can't keep suing their future. Given any sort of reasonable business model and response from Google, major studios will cooperate. MyTube had closed deals with Warner Music Group last month and with Universal Music Group, CBS, and Sony BMG Music Entertainment last week.
Posted by DavidK at October 10, 2006 09:23 AM | Permalink