Ankur Gupta Online

Chad Hurley, co-founder of YouTube,said Saturday that the wildly successful site will start sharing revenue with its millions of users.

Hurley, who along with the site’s co-founders sold YouTube to Google for $1.65 billion in November, said one of the major innovations the site is working on is a way to allow users to be paid for content.

“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 at the
World Economic Forum. “So in the coming months, we are going to be opening that up.”

Hurley gave no details of how much users would be paid, or what mechanism would be used.

This certainly seems a pretty good move by You tube(or should i say Google) to consolidate its position in the rapidly growing video sharing market with tough competitors like MSN’s Soapbox coming up..
Also one can expect to have better and more interesting videos from the site…
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