A nice report by “The Upside to Video Uploads” by Business Week.

While this segment will undergo consolidation and specialization, a mini dot-com implosion is simply not on the horizon—and especially not for the reasons being cited by some pundits. Predictions about this collapse have focused on two issues: the lack of a business model and persistent problems with copyright, as many of these sites—even the esteemed Google—have run afoul of content owners by hosting copyrighted content without permission.

Written by William Murray, Senior Fellow at the USC Center for the Digital Future and President of William Murray & Associates, a global media consulting company.

Call me a pundit, William. I smell gas.