The Register reports that the predictable has happened.
The Wall Street Journal reports that a group of the largest media companies are co-ordinating their negotiations with the copyright-busting site.The Register adds something not unlike something I posted less than two weeks ago:
Now YouTube's dilemma looks like this. The only way Google can justify the $1.65bn acquisition is because YouTube currently has a lot of traffic. Large volumes, it argues, should eventually be monetised successfully...er, somehow.If you'll hear a loud Ssssssssssshhhhhhhh............! sound in the coming weeks, it might be that of air leaving a big, fat, ugly bubble.
But YouTube only has a lot of traffic because of this copyright-breaching content, most of which it's carrying illegally. By contrast, the much vaunted market for "user generated content" will be a paltry $850m by 2010, Faultline reported here on Friday.
UPDATE: Also courtesy of The Register, an analysis on how YouTube prepares its legal defense at least in one infringement case, based on the Digital Millennium Copyright Act. An interesting read.