Tuesday, July 7, 2009

Is YouTube Hemorrhaging Millions? Is the King of Pop Ruling the News Cycle?

An interesting article in The Independent posits the financial viability of Internet video behemoth YouTube:

YouTube's lack of profitability other than as part of a colossal global multinational may signal the end of a dream that has somehow managed to extend past the bursting of the dotcom bubble back in 2001, and the options for new online ventures seem to be as follows: either produce something that people are willing to pay for, or come up with an idea for a free service that's so ingenious that a benevolent multinational is willing to take it off your hands. But remember: that trick of making a home video of yourself in front of a few elephants has already been done.

We shall see....

In other news, Michael Jackson's final act is staking out what seems to be about 90% of the news media real estate. Bernays Sauce wonders if two wars, a serious economic recession and a health care debate should be out of the headlines for two weeks (and counting) while they examine the minutiae of the singer's last will and testament. Your thoughts are welcome in the comments section.