Google owned YouTube is going to start sharing revenues with users. They said they were originally against it because they wanted video lovers not money lovers. Now they realize that the money lovers can probably create some killer video. Co-founder Chad Hurley made the announcement today:
We are getting an audience large enough where we have an opportunity to support creativity, to foster creativity through sharing revenue with our users,” Hurley said. “So in the coming months we are going to be opening that up.
One major YouTube competitor Revver already has a revenue share plan in place that shares ad revenues with users and this has been a major selling point of their service. From their About page:
Sharers earn money too! Help spread Revver videos and earn 20% of the ad revenue. The remaining money is split 50/50 between the creator of the video and Revver.
I can see it now – all the MFA (Made For AdSense) website owners are dusting off their video cameras and webcams so that they can get ready to start uploading their MFY (Made For YouTube) videos…
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Money for Your Videos – YouTube to Share Revenues with Users � 10e20 – Search, Design & Social…
I didn’t know YouTube had any revenues to share? Seriously though this move is huge. Will this open the door for other major players to follow suit? How about it Digg?…
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I think this will give some copyright problems (challenges)…