Google Shares Ad Wealth With Videographers
Rockgod writes to let us know that Google has begun sharing advertising revenue with the makers of a popular video clip. From the article: "[This] is a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector. The search company has agreed to turn over most advertising revenue generated by the latest video from Fritz Grobe and Stephen Voltz, creators of 'The Diet Coke & Mentos Experiment,' according to Peter Chane, a senior product manager for Google Video."
Congrats google, you've set the stage for a new era in digital video on the web. If the creators have the monetary incentive to produce their film, then there's a good chance that they start producing higher quality videos more often. Now, we just have to ask ourselves, why didn't youtube think of this in the first place?!?