YouTube, one of the most popular websites on the Internet, only launched about a year ago and already has an estimated 75 million visitors a month. So it’s fair to say that currently they’re the most trafficked of any video-sharing sites around. It’s been reported that 100 million videos gets viewed each day. Lots and lots and lots of site visitors. Google bought them recently for $1.65 billion, casting themself in a starring role in the online video revolution.Google CEO, Eric Schmidt, said, "The YouTube team has built an exciting and powerful media platform that complements Google's mission to organize the world's information and make it universally accessible and useful." He assiduously avoided mentioning how they were actually going to make money from offering media entertainment services to users, content owners and advertisers, though.
Viacom’s $1 billion copyright-infringement lawsuit, and NBC Universal/News Corp’s launch of Big Media notwithstanding, it’s really too bad these “natural partners” haven’t stumbled upon engagement metrics as a viable advertising model to monetize the partnership. Because in both the real and cyber worlds, making money is better than generating lots and lots of site visits alone, if only for financial reasons.







