Every Minute, Just About A Days Worth Of Video Is Now Uploaded To YouTube
Think about that for a minute. In that minute, nearly a days worth of footage will have been uploaded. And the pace is quickening. Back in 2007, shortly after Google bought the service, it was 6 hours of footage being uploaded every minute. As recently as January of this year, that number had grown to 15 hours, according to the YouTube blog. Now it’s 20 — soon it will be 24. That’s insane.
It’s true that YouTube is not making Google any money, but when a site has this much dominance over a market, one way or another, there will be a way to effectively monetize it. The big Hollywood studios are already showing an increasing interest in using the platform, as are others — like ESPN.
Meanwhile, YouTube continues to become a bigger part of Google’s larger social picture. Today, the service added a way to immediately record a video response to a video after you watch it. Sure, this is basically what Seesmic has been doing for a while now — but Seesmic doesn’t have 20 hours of video being uploaded every minute.