“News Corp’s Fox, Viacom, CBS and NBC Universal are in talks about creating a video website to compete with Google’s YouTube, according to a report in the Wall Street Journal,”the smh reports.”While a deal is still far off, the four media companies envision a jointly owned site that would be the primary web source for videos from their television networks, the paper said in an online report, citing people close to the situation. The companies aim to cash in on the fast-growing market of web video advertising and have also discussed building a web video player that could play clips, the Journal said.In less than two years, YouTube has grown from a Silicon Valley start-up to the most popular online video-sharing site that boasts more than 100 million daily views. It was acquired by Google in November for $A2.2 billion in stock”.
Plan to compete with YouTube
- December 9th, 2006
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by Jim_Downing
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Comments
@ 21:41
you have to hand it to rupert. he will not be left in the dust. after the quick turnaround on his digital assets in my space, he will make this coalition move forward or he will move on his own.