A good story on the love and hate relationship between video sharing site YouTube and TV networks. As the story says, the relationship between the company and Hollywood isn’t as adversarial as you might assume. For every corporate lawyer firing off angry letters to YouTube, there are two more executives exploring potential partnership opportunities — maybe even an outright acquisition.
Meanwhile, YouTube is actively seeking partnerships with media companies…the story says YouTube now has twice the traffic of Yahoo Video and more than three times that of Google Video and AOL Video.
For now, the company does not have any advertising on the site in hopes that partnerships with media companies eventually will help pay the bills. Advertising will eventually be incorporated, but in the meantime YouTube is subsisting on the $3.5 million in funding it received in November from Sequoia.
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