Youtube Will Pay Users for Their Videos!

On Saturday (January 27) Chad Hurley, Co-Founder of Youtube.com said they are going to start sharing their ad revenue with the millions of users posting videos to their site.

His proposed plan of paying Youtube users for their submitted videos, is opening up due to the expanding growth of Youtube's user base. He is quoted as saying, early on in the Youtube years, that paying users for the submitted video content would only instill in Youtube lovers the motive to make money and not their interest in videos.

By attaching ads to each submitted video on Youtube, they will share with the Youtube user the profit/revenue made by those advertisements. No news on the exact amount a user could make through submitted videos, but it will probably depend largely on the popularity of the video, the user's standing within the Youtube community and the subject of the Youtube video.

Bloggers and internet users alike are finding new ways to earn profit through their involvement within internet communities. Sites like Blogitive and PayPerPost are paying bloggers to write or submit video content on specific companies. Associated Content broke new ground in paying their Content Producers for each submitted article.

Advertising is becoming a normal and everyday term used by anyone who is using the internet and the web as a means to make money online. Now, even Youtube obsessed video lovers are going to start biting of the advertising pie.

It will be interesting to see how this pans out and what is next in the world of internet marketing, advertising, blogs and user submitted content and videos!

TV Networks Discussing YouTube Rival

An anonymous reader writes "Reuters is carrying a story indicating that NBC, CBS, Fox, and Viacom are considering banding together to work on a competitive video-hosting site. The goal would be to provide an alternative to Google's YouTube, and presumably direct some revenue in their direction." From the article: "While a deal is still far off, the four media companies envision a jointly owned site that would be the primary Web source for videos from their television networks, the paper said in an online report on Wsj.com, citing people close to the situation. The companies aim to cash in on the fast-growing market of Web video advertising and have also discussed building a Web video player that could play clips, the Journal said. "