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?!?
In the numerous other places it's been tried (google is far from the first here), is that there's nothing stopping 500 people from uploading the same popular video.
Then Google gets to become arbitrator and try to pin down who the video really belongs to.
This should be fun.