The “next big thing” is internet television. It’s already here and the money will follow. The first step towards a workable business model came when Revver shared revenue with video producers.
“Google has begun sharing advertising revenue with the makers of a popular video clip in a groundbreaking deal that could drive up the costs of competing in the fledgling video-sharing sector. The search company has agreed to turn over most advertising revenue generated by the latest video from Fritz Grobe and Stephen Voltz, creators of “The Diet Coke & Mentos Experiment,” according to Peter Chane, a senior product manager for Google Video“.
Meanwhile, here’s a very interesting story containing intimate details behind the purchase of YouTube. No idea if it is true or not, but given the circumstances, it sounds highly plausible.
Did the deal shaft musicians? Wouldn’t be the first time…