SCREEECH HALT 1
So I am on my way to PUMP Communications this morning listing to my usual tech-geek podcasts (which are usually a week old by the time I get to them) and made note that a number of the tech-news shows were repeatedly making mention of NBC and News Corp gearing up to take on YouTube. Stop the fricken presses! WHY?! Why would any self respecting, money making company, build a business model that is designed to take out a competitor who MAKES NO MONEY!
YouTube has lived off of venture capital for two years and now they’ve got themselves a sugar daddy with deep pockets, but they still don’t earn their keep. The current YouTube model is hard to monetize. Who better to do it than Google, I agree, but NBC and News Corp will have a tougher time at it since a) people watch YouTube to escape the commercialism of TV and b) I doubt NBC intends to run an Adsense campaign on their proposed video streaming venture.
If you’re going to try to take on any internet media giant, why take on one that actual has a financially viable business model like iTunes? Lets not just look at YouTube and mistake internet traffic for dollar signs.
[tags]podcasts, NBC, News Corp, YouTube[/tags]
