Can you believe YouTube has only been around 5 years?
It was registered on February 14th, 2005 and has grown so fast in the past 5 years. It serves more than 2 billion videos per day. That is the equivalent of every person in the world watching 10 videos per month, or according to YouTube is nearly double the prime-time audience of all three major US television networks combined.
There were other competitors to YouTube, there were services such as Veoh, Vimeo and Viddler and many more. But it was YouTube that came through and 19 months after setting up the company, it was bought by Google in October 2006 for $1.65 billion. Not bad for a couple of Paypal employees, Chad Hurley, Steve Chen and Jawed Karim.
Check out YouTube’s blog for the “My YouTube Story” which has tales by people around the world describing how YouTube has changed their lives.
Anyone can broadcast yourself on YouTube, politicians, students, even brides and grooms from their wedding videos. My favourite has to be the Wedding First Dance – Baby Got Back . That has been viewed over 12 million times. They are stars in their own right. and many unknown joblogs have used YouTube to show off their talent (Justin Bieber) or show their odd family videos. YouTube was started to give bloggers an easy way to put their videos in their blogs and has expanded ever since. Apparently 24 hours of video are uploaded to YouTube each minute. YouTube also has content deals with more than 10,000 partners including entertainment titan Disney, and has a fledgling online movie rental service.
It will be interesting to see how much YouTube develops in the next five years especially now that is is part of Google’s “media cloud” for people to access films, books, magazines, tv shows old and new. YouTube will go from strength to strength and who knows how much the video search landscape will have changed when we celebrate its tenth birthday?