Yahoo announces they've formally flipped the switch on an offering which allows users to share, rate and review online videos with one another.
Yahoo today fired a warning shot across the bows of online video sharing sites like YouTube.com as it unveiled its own video site which combines “search, upload and communityâ€. The new Yahoo Video site is available as part of Yahoo’s free offerings.
The Yahoo Video site, said the online portal, allows users to access the most popular and current Internet videos such as Lazy Ramadi, The Glomp, and the latest Shakira music video. It draws its listings from a combination of ways, including crawling the Web, accepting uploads, receiving direct feeds from partners, and leveraging the Yahoo Media Group’s content and industry relationships.
Features of Yahoo Video include multiple ways for users to browse for videos; the ability to subscribe to and watch groups of videos related by source or topic; the ability to rate, review and share videos within a community, with shared videos being available through means like Yahoo Mail, Yahoo Messenger and embedded into a Web site or blog; and free tools and a platform to let publishers distribute their videos and create both individual identity and shared communities around them.
“As the video space continues to emerge, our strengths in search, content, personalization and community make it possible for Yahoo to offer a highly engaging video experience for both users and publishers,” said Jason Zajac, Yahoo general manager of social media, in a statement. “Yahoo Video makes it easy for users to discover high quality content, while video creators can be discovered by the Web’s largest global audience.”
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RSSThe problem though is bandwidth. As you know, Yahoo owns Flicker which already consume an incredible amount of bandwidth and with no income to talk about. YouTube which is the biggest Video-site of the all pays 1 million dollar every month for their bandwidth. It's crazy. And YouTube brings no income at all for their owners, it's just fun for the users. After YouTube's last increment of money they can stay Online for a few more months. I hope they will come up with some smart idea to make the site profitable, right now it's just consuming money like mothing seen before. Yahoo will face the same destiny if they don't come up with something smart.
And to be totaly honest. Doesn't all these Video-Sites like YouTube just feels like something from the DotCOM bubble? The whole "Web 2.0" just feels like a new bubble. It's all about the hype and burning money with no income what so ever.