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YouTube to Financially Support Amateur Video

29 Jan, 2007 By: Erik Gruenwedel

Chad Hurely, co-founder of community video site YouTube, is seeking ways to compensate uploaders of content as a means to improve the quality of its streamed videos.

Acquired last year by Google Inc. for $1.65 billion, YouTube reportedly streams about 70 million videos each day.

Speaking last weekend at the World Economic Summit in Davos, Switzerland, Hurely said YouTube would soon be “opening … up” with financial resources and revenue sharing plans to support aspiring videographers.

The 30-year-old entrepreneur didn't elaborate on how any rev-share programs might work or when they would be initiated.

Hurley told attendees that he and YouTube co-founders Jawed Karim and Steve Chen originally believed their video-sharing site would be primarily prefaced by users' desire to make money.

Now the three see financial remuneration as a way to improve the quality of the content in addition to the bottom line.

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