Chad Hurley, co-founder of YouTube spoke at World Economic Forum and said that the wildly successful site will start sharing revenue with its users.
“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, as quoted by the AP. “So in the coming months we are going to be opening that up.”
While details about the program are not exactly known as yet, the program will be introduced slowly over a long period of time.
This is an interesting news for video creators who are already uploading videos on YouTube and would like to make money out of it. About 70 million videos are viewed on the site each day.
With the announcement, YouTube joins the list of the iCompanies, enterprises that include their community into their economic ecosystem.
[via GigaOm]
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