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YouTube To Pay For User-Generated Content
An anonymous reader writes "Speaking at the World Economic Forum, YouTube CEO Chad Hurley has revealed that the company plans to financially compensate users who produce and upload their content. With Google's purchase of YouTube last year, followed by more aggressive attempts to monetize the site (such as the deal struck with Verizon Wireless), it was inevitable that YouTube would come under pressure to share some of those fruits with ordinary users. But why didn't YouTube pay its users from the start? Hurley said: 'We didn't want to build a system that was motivated by monetary reward. We wanted to really build a true community around video. When you start out with giving money to people from day one, the people you do attract will just switch to the next provider who's paying more. We're at a scale now that we feel we can do that and still have a true community around video.'"
Time to start uploading those old home made videos of the ex-girlfriend (that is if they are paying on a per view basis).
Easy!
It will be shot with utter crap camcorders, have 30,000 special effect transisions and wipes from scene to scene, and the scenes will be less than 30 seconds long.
I.E. utter and total crap.
The indie film makers post their stuff as torrents elsewhere. Nobody wants to see what they created distributed as a incredibly horrid low bandwidth that youtube is.
One line blog. I hear that they're called Twitters now.
"We didn't want to build a system that was motivated by monetary reward"
Umm, didn't want a system with monetary awards? That's why Youtube was sold for 1.3 billion and has ads?
Ohhh.. you meant didn't want monetary rewards for the users! i see.
You are wrong
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If this was 5 years ago, the star wars kid would be rich beyond his wildest dreams.