Who Will Be The YouTube Of Live Video?

The growth of Youtube and its subsequent $1.65 billion buyout left behind a bevy of competing video sites. Since then competitors have been seeking to differentiate themselves by focusing on longer videos, higher (bitrate) quality videos, professional content, and paying their users. However, one of the more unique approaches to differentiation has been streaming live video over the internet. If social live video gets big traction down the road, it’s most likely going to be led by one of these startups:

Live flash video is a different animal than the recorded videos you see on all over Youtube. These sites require more accurate distribution networks because, like FedEx, their packages always have to arrive on time. Back in March, Youtube delivered over 1.1 billion streams to 53.5 million unique users. That’s an unheard of number for live video on the web. You can see a comparison of the above site’s traffic on Alexa here, but be warned that streaming sites don’t need to be refreshed to consume more content and therefore don’t generate as many pageviews as non streaming sites.

Live video also complicates the trend toward time shifted video. The serendipity of live video makes it engaging to watch, but at the same time hard to bubble interesting content to the top. Sites have reacted to the problem by archiving and rating the videos, or more interestingly, voting up individual clips.

One final problem is the accessibility of live video production for consumers. Anyone with any kind of camera can upload to one of the social video site, but with live video, producers have to be more committed if they’re going to produce quality content. To avoid the hum drum of being chained to a webcam, users have to either be very talented, or construct their own mobile cameras. Advancement in mobile phones may change that, but right now it’s a significant limitation.

Live video has one great strength, however, the ability to directly engage the audience, be they friends or admirers. This is why I think if we see tremendous success in live video casting, it will come from sites that focus on building a community around a few top new media stars that can captivate their audience and drive the bulk of the traffic to the site.

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