After the move from Viacom and CBS it is clear that there is no Such Thing as Monopoly in Video on the WEB, when Market will get that there is NO Such Thing as Monopoly in Search Google will be light headed and Sell Off will shave at least half of the market cap of today's level.
"Viacom said on Tuesday hundreds of hours of TV programing from its MTV and BET Networks and feature-length films from Paramount Pictures will be available to Joost users for free under a revenue-sharing deal between the two companies.Joost, which launched in January, was designed from the start to license professionally produced programing whereas YouTube was primarily designed for users to share home videos, though it has evolved into the Internet's biggest aggregator of TV and movie clips."
"On Wednesday, The Wall Street Journal reported that talks intended to allow Google's YouTube access to the media giant CBS' (CBS - Cramer's Take - Stockpickr - Rating) popular clips -- from programs like The Late Show with David Letterman and CSI -- had unraveled, citing sources familiar with the deal.
Disagreements between the two companies included how long the deal would run, and while talks could always resume at a later date, the two companies are planning to collaborate only modestly for the time being. "
Disagreements between the two companies included how long the deal would run, and while talks could always resume at a later date, the two companies are planning to collaborate only modestly for the time being. "
As usual FG nailed it pretty clear: From FG
"In a pretty unsurprising move (considering the recent legal demand that Google remove 100,000 of their videos from YouTube) Viacom announced that they were partnering with a new video distribution company called Joost- a small startup founded by the same guys who brought you Skype and Kazaa.It turns out that YouTube doesn't have any earth-shattering technology- there are dozens of sites out there offering the exact same functionality, and you can even buy the code for embedded video flash players on elance or rentacoder for about 75 dollars if you want to make your own YouTube clone. It isn't rocket science, and it isn't patented.
The wet dream in the Wall Street analyst community was that YouTube would become something like eBay - a 100% monopoly where there can only be one market winner. They hypothesized that since YouTube was the first video site to become popular that it would forever hold that title, and eventually command 100% of all video advertising revenue - the internet would have only one TV "channel" and it would be YouTube. Of course, that was just a steaming load of s**t. Everyone..."
The wet dream in the Wall Street analyst community was that YouTube would become something like eBay - a 100% monopoly where there can only be one market winner. They hypothesized that since YouTube was the first video site to become popular that it would forever hold that title, and eventually command 100% of all video advertising revenue - the internet would have only one TV "channel" and it would be YouTube. Of course, that was just a steaming load of s**t. Everyone..."
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