http://www.viddler.com/player/b914691e/114.447/
First rumored in January, YouTube is definitely doing live video, and it’s happening this year.
Sarah Meyers got the scoop (video above), transcript as follows care of NewTeeVee:
Meyers: “When are you guys gonna do live video on YouTube?”
Chen: “2008. We’ll do it this year.
“Live video is just something that we’ve always wanted to do, we’ve never had the resources to do it correctly, but now with Google, we hope to actually do it this year.”
Now for the guessing game: which live video startup will fold first once YouTube dominates the market? YouTube will be last to market, but the same momentum that has seen YouTube dominate video will now be applied to live video. Like video, content creators want to be on the service that gives them the most exposure, no matter how good the alternatives area (after all, YouTube doesn’t offer the best quality video). YouTube already has the user base; live video streamers will flock to YouTube like a moth to a flame.