YouTube, To Share Revenues With Users
If you are a YouTube fanatic, there is one good reason why you have to stick to the website. Aside from interesting videos, YouTube intends to share revenues with its users.
Chad Hurley, co-founder of YouTube, said one of the major proposed innovations is a way to allow users to be paid for content. It can be recalled that the website was purchased by Google for $1.65 billion in November. It has become a remarkable online milestone since 2005. Up to the present time, YouTube is still a big hit. As a fact, approximately 70 million videos are viewed on the website each day.
Hurley said:
"We are getting an audience large enough where we have an opportunity to support creativity, to foster creativity through sharing revenue with our users. So in the coming months we are going to be opening that up."
Hurley added that when YouTube started, he and the site's other co-founders, Steve Chen and Jawed Karim, felt revenue-sharing would build a community of users motivated by making money, rather than their love of videos.
