YouTube’s Financial Situation & Saucy Details from Viacom Suit

The New York Times “DealBook” blog revealed some saucy stuff based on the thousands of pages of court filings made as part of Viacom’s copyright infringement suit against YouTube.
  • Viacom employees had secretly uploaded videos from the company’s movies and shows even as they were complaining about copyright violations, as The New York Times reported. Zoing!
  • USAToday’s “Juicy Details piece” puts it like this: “Google cites a marketing executive at Viacom’s Paramount studio who said that clips posted to YouTube “should definitely not be associated with the studio — should appear as if a fan created and posted it.” To accomplish that, Google says that “Viacom employees have made special trips away from the company’s premises (to places like Kinko’s) to upload videos to YouTube from computers not traceable to Viacom.” Kinkos FTW.

Payouts earned from the YouTube sale, as detailed by All Things D. Chaching! That’s a whole lotta sheep.

  • $516 million to Sequoia Capital
  • $334 million to co-founder Chad Hurley
  • $301 million to co-founder Steve Chen

All Things D also pulls some revenue figures from YouTube’s inception in January 2005 through August 2006, the last month before the company sold itself.

  • It wasn’t until December 2005 that YouTube started pulling in revenue, and it wasn’t until August 2006 that the company turned a profit. (The company showed a 186 percent jump between July and August of 2006, to $2.5 million.)

Wired Magazine also had a lengthy story documenting YouTube’s past 5 years, but it’s not online… which I find really annoying. Basically YouTube isn’t bleeding anymore, but it’s not exactly a “cash cow,” as Wired states (clearly someone didn’t read the Wikipedia on cash cow before filing their piece). I’m so over Wired.

Adobe Flash for Video: Bridging the Void Between PC and TV

Good news in our continued devolution to watch web video in that same vegetative state we consume television. Seems Adobe has a video application launching between July-December this year. More importantly, it’s lining up partners to ensure it doesn’t get “Boxeed out of the market” by Hulu and AppleTV.

Partners include Comcast, Disney, Netflix and The New York Times Company. Adobe, according to Wired, also announced partnerships with chipmakers, including Intel, STMicroelectronics,  NXP Semiconductors and Sigma Designs.

Wired’s headline for this news: Watch Hulu in your living room. Subtle but interesting, isn’t it? Not YouTube. Hulu.

Vloggerheads: Country Club or Safe Haven?

Jenna Wortham writes a balanced piece about the controversial website, spawned by Renetto (a popular YouTube creator). My previous post on Vloggerheads generated more comments than any other post I’ve written. And, for that matter, brought controversy among a tight-knit group of regular WVFF commenters that usually play off each other like a well-oiled comedy troupe. Group hug?

I hope that whether you’re annoyed by Vloggerheads, or celebrate it as a new safe-haven for a tight virtual community… that you can still appreciate the irony of this random screen shot I took this morning. This just happened to be the most recent videos posted as of 7:30 am on Saturday.

What do almost all of these guys have in common!? I know where I’d advertise if I sold hair transplants.

Now guys don’t get upset. I’ve been known to do whatever it takes to be like Renetto myself. He has that quality. Hold on a second, I have to buy a candle online. Okay I’m back.

The Flowing River of New Media News: You, Blogs, Websites, Mainstream

The new-media news flows like a river. And you\'re the fog.When it comes to new-media news today, lots of rivers lead to the ocean. Steve Rubel (Micropersuasion) told me about this phenomenon two years ago when we hired him to speak at Johnson & Johnson, but now I’m seeing it first hand.

  1. I get all my news about cool stuff from you guys- the brooks of new media. You told me about Vloggerheads, Tubicide, YouTube partner earnings, etc.
  2. Then sometimes our news flows into larger rivers and lakes of  NewTeeVee,, TVWeek or Inside Online Video.
  3. Then it eventually gets dumped like landfill into the murky ocean… when it gets picked up by high-strung mainstream reporters, who surf these new media websites to find something to write about it so their editors think they’re hip. And damn what they wouldn’t do for the days when they could smoke in the office.

So in effect, you’re the fog. The rest of us are just shaping it.

Hold on a second- that’s a cool quote. I have to go write it down. Okay I’m back.