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Summary:

Gizmodo, and a whole slew of others are commenting about how the Venice Project will destroy YouTube. It sure makes for a nice headline, but is not true. The two services are not even playing the same sport. YouTube is about people-powered content, the one which […]

Gizmodo, and a whole slew of others are commenting about how the Venice Project will destroy YouTube. It sure makes for a nice headline, but is not true. The two services are not even playing the same sport.

YouTube is about people-powered content, the one which included everything from illicit cricket videos to some guy showing off his break dancing skills to short clips of the Daily Show. The Venice Project is about streaming TV over P2P and most of it being professionally created content.

YouTube versus the Venice Project is comparing American Football with Rugby or Aussie Rules Football. Or a farmer’s market (YouTube) with Trader Joe’s (The Venice Project.) More here.

  1. Its certainly possible that TVP could hurt YouTube, though. People go to YouTube to waste time and watch TV/Videos. They will essentially use TVP for the same purpose. I mean Myspace and Instant Messaging were not direct competitors, however the growth and rise of MySpace caused drop in IMing.

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  2. YouTube and The Venice Project are both going to be players in the “content streaming” arena.

    So one’s loss is surely going to be others gain.

    But the pot is looking quite full right now so hopefully they can all share and still be happy campers.

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  3. Om,

    They are both competing for roughly the same attention space, so there is a clash. Whether its for the same audience I don’t know

    Questions I have about TVP are:

    (i) how will it really differ from standard IPTV fare…its all the same material if its from the same old distributors (which I assume it is so far)

    (ii) How does its advertising model work out re targeting – I think this will be critical.

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  4. What is it going to prevent Venice project from ever allowing users to create their own channels and upload their own video to Venice project vs uploading to Youtube?

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  5. Sorry, but isn’t the way you keep score the same?

    Eyeballs * Time Consuming Content * Advertising = Winning

    The internet levels the playing field, right? Well, at least it makes it the same playing field.

    Web as a platform means that different sports play the same game.

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  6. hi, om, did you tried TVkoo.com, a website based on P2P live streaming technology, I think it is much better than TVP. Since end of 2005, Last one year, millions of users were enjoying the evolution of TVKoo P2P technology, the quality and efficiency are not in the same level TVP could reach.

    But with money and fame, TVP might be powerful in the later months. I am especting Venice Project with the better streaming technology as TVkoo did in China.

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  7. i am using TVKoo to watch CNN,CCTV and other channels in Japan, amazing product, no stop at all!

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  8. Come on everyone we are not talking about who can create the most buzz we are talking about business strategies being laid out here. Youtube and The Venice Project canNOT be compared simply on this scope. Granted every company is looking for their own market community (which can be compared), once TVP gains theirs implementation of the business strategy will kick in. They are sure to add in the mix of premium certain channels and content to making a lot more deals than we think the future. Watch out for those plug-ins as well, we may even see a Youtube\Myspace plug-in coming to a Computer screen, future cell phone screen, or gaming console near you!! – AKA platforming is another dangerous ploy.

    There are a lot of P2P video streaming software companies out there but where are the strategic business plans that needs to scale at a higher level for this new generation of television? With the background and funding behind TVP they are guaranteed to make some noise in the video market overall not just P2P streaming. So the companies that should be watching out are those cable companies who really just don’t get it about what people want from TV sets and when. Those pesky proprietary download database of TV shows and movies ala iTunes, Xbox live marketplace and many more. P2P is a way to save money on bandwidth for the company who already has a lot of internal backing, but more importantly down the road we “could” see a lot of these same web services being replicated through one online platform. Time can only tell but with the reputation of Janus Friis and Niklas Zennstrom and disruption of markets they have done damage to in the past (which is great for them) just makes me more of a believer these days.

    CyKiller

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  9. Oh, and sorry Om – I beat you to the beta program of TVP. Just had to throw that in there :)

    But more importantly I agree with you entirely, they strategies and goals are just too different to compare, bad move on the Gizmodians and over hyped bloggers who wants a impressive story headline.

    CyKiller

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  10. Well they probably have Om’s email on the do not send list, because he refuses to follow the official screenshot policy .

    Screenshots that have been cleared by the copyright owners .

    http://www.theveniceproject.com/screenshots/

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