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YouTube to Offer Every Music Video Ever Created?

Posted by ryuzaki0 on from the allright-finally-a-point-to-all-this dept.

Klaidas writes "BBC reports that YouTube is aiming to have every music video ever created within 18 months and offer them free of charge to its users
"Right now we're trying to very quickly determine how and what the model is to distribute this content and we're very aggressive in assisting the labels in trying to get the content on to YouTube," said Mr Chen."

2 of 282 comments (clear)

  1. Re:Free? RIAA will never allow it by truthsearch · · Score: 5, Interesting

    Obviously the RIAA will try to license the content to YouTube for a huge fee. But even the record labels know that music videos are like advertisements for songs. They make far more money selling records than videos. Free videos give their music more exposure, which means more sales.

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  2. Re:Free? RIAA will never allow it by tknaught · · Score: 5, Interesting

    Except that selling music videos is not a main revenue stream for record labels. Their money is made selling CDs, and music videos are little more than advertisements for songs. Imagine the following scenario: Your buddy sends a YouTube link to a funny music vid. You play the video a few times, and the song gets stuck in your head. There is now a much greater chance that you'll go out and buy the album that the song is on. MTV used to be a great advertising venue for the music industry, but execs have probably come to realise that people in their teens and twenties, a prime music-buying demographic, are no longer watching television with any frequency. YouTube is a great venue for reaching this demographic. YouTube is an even better match because, unlike Apple's music video downloads, YouTube makes its videos difficult for the average user to download. Even when downloaded, the file is in the uncommon .FLV format, which will need to be re-encoded to be played on any portable media player. For those reasons, downloads from YouTube will not be a viable replacement for purchasing the album to the vast majority of consumers. To summarize: 1. Good advertising venue for a key demographic. 2. Not threatening as a replacement to album purchases.