YouTube To Share Revenue

[milowent]

do we not have a thread on this? this news came out over the weekend.

here's a motley fool article by Rick Aristotle Munarriz, who follows lg15 and youtube fairly closely:

You Tube Shares The Wealth

Now you, too, can profit from an embarrassing pratfall or that adorable okapi footage from last week's trip to the zoo. If YouTube's co-founder is true to his word, revenue-sharing is coming to Google's (Nasdaq: GOOG) recently acquired video site....

And here's another article: YouTube Users Get Paid - Death Blow to Revver?

[flwright]

We do have a thread on this:

Generating Revenue Off An IMS

We were so far ahead of the curve, we've had time to take a 3 month vacation and still be on top of things. If only YouTube had the wisdom to buy real estate in the Cove, they would've rolled this out months ago.

Of course we were way ahead on the whole LG15 thing too.

FLWright

[Smashing]

My first thought was that it all depends on how much money they will be offering, as to how big a deal this is, but when you realize the potential views you can get on YouTube, if they offer a rate anywhere close to what Revver does, we're talking a substantial amount of money.
I do foresee a gold rush. And the fraud will be out of control. And, if they can at least police the "top" lists, we will see better, more professional content on those. More IMS, more "TV-like" shows.
Given another 5, 10 years, I really think this is moving toward not replacing TV, but merging with TV. In other words, everything will be online, but you'll be able to watch it all on your TV or your computer. TV with as many channels as people want to create, but full screen, high definition; with advertising as far as the eye can see, crammed into every empty space, and inserted into every pause...unless you want to pay for it.

[buckwheat]

The Creators speak....!
Miles and Greg share their thoughts on YT's revenue sharing...

www.thedailyreel.com/news-opinion/news/lonelygirl15-creators-on-youtube-revenue-share

[Terryfic]

Thanks for the link.

I have trouble understand why Miles wouldn't share their thoughts on their own website though. I'm sure their biggest fans would be the people most interesting in their opinion.

[curiousgeorge]

TDR: How do you think a rev-share model will actually operate on such a large scale?

LG15: We're sure there will be a lot of logistics to work out, because they likely can't pay users for uploading music videos or television shows. There are also a lot of issues with background music and other copyrighted materials that appear in the videos. However, as professional content creators who clear our material, we are as eager as everyone to see their rev-share model.
================================
Uhhhm, that was not always the case for the early vids re-edited for Revver distribution. I wish they would stop making mistakes like this... Really.

As for your question Terry, I think that quote would get shot down even by the phorumites for inaccuracy. Same as it ever was...

[Terryfic]

I like to pick on the creators as much as the next guy, but I think that is a little overly picky.

I was going to say they only used two songs they didn’t have the rights to, but a quick glance at the LGPedia shows there were quite a few at the beginning, work by Gnarls Barkley, Roy Orbison, and Nelly just to name a few. They did use a number of songs that they only had the rights to use non-commercially and as they weren’t making money at the time they used them that is fine. Plus there was the use of Napoleon Dynamite they didn’t have the rights too. But I am getting off point, I was trying to say the comment in the article wasn’t that bad. If comments like that were the extent of their dishonesty I would have a lot less complaints about them.

[Smashing]

To hear Chad Hurley tell it people won't have to clear music because "audio fingerprinting" will identify the song and then give the rights holder the choice of having it removed or sharing in the revenue. Sounds like a great idea if they can get it to work.

[Terryfic]

I imagine such audio fingerprinting is something Google is bringing to the table. It likely won't be long before you can hum a few bars of a song into your webcam and have google search for the song you want .

I have hard time believing big companies and the RIAA like this idea, they never seem to want to embrace technology, but if they get it to work it could really change the industry. Allowing for a lot of revenue from previously nonexistent places. If you are a band that doesn’t sell a lot of albums but your songs are used in a couple thousand YouTube videos then you just might get some decent return on that.