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YouTube co-founder says site will begin sharing revenue with users in coming months

YouTube co-founder says site will begin sharing revenue with users in coming months

YouTube co-founder Chad Hurley made news at a meeting of some of the globe's most powerful people Saturday, announcing that his wildly successful site will start sharing revenue with its millions of users.
Hurley, who became fantastically rich in November when the company he started was bought by Google for US$1.65 billion, said one of the major innovations that the site is working on is a way to allow users to be paid for content. YouTube has become an Internet phenomenon since it began to catch on in late 2005. Some 70 million videos are viewed on the site each day.
"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."
Hurley, one of the youngest Internet multimillionaires, gave no details of how much users might receive, or what mechanism would be used.
He said that when YouTube started, he and the site's other co-founders _ Steve Chen and Jawed Karim _ felt revenue-sharing would build a community of users motivated by making money, rather than their love of videos.
But that as the site has grown, they have come to see financial remuneration as a way of improving content.
Hurley spoke on the last full day of the World Economic Forum, which brings together the world's political, social and business leaders for a five-day schmooze fest on the problems facing the world.
At 30-years-old _ a milestone he reached only this week _ Hurley is one of the youngest participants at the meeting.
He appeared on a panel that included another bright new face in the Internet, Flickr co-founder Caterina Fake, as well as Microsoft Corp. chairman Bill Gates and others who discussed the future of Web. 2.0.
Fake's photo-sharing startup was bought by Yahoo, and is the fastest growing photo site on the Web.


Updated : 2021-06-13 19:17 GMT+08:00