We dig on YouTube as much as the next embed-loving music blog, but we've got shit on Google. By now you've read that the Google guys laid out $1.65 billion forthe user-generated, video-sharing site. That is what we in the biz call a "shitload of money." And just earlier today, YouTube inked a deal with CBS, Vivendi's Universal Music Group, and Sony BMG Music Entertainment, to distribute the companys' videos, behind-the-scenes footage, and other media goodies. Thing is, according to The Times Online, YouTube "has yet to demonstrate that it can generate profits or even significant revenues"!
So this is the part where we all sit and guess how this is gonna affect our music-video viewing. What are the mechanisms for profit? Will GoogleTube police illicit-video uploads more carefully? Heaven forbid it, but will this affect our sweet, precious embeds?? And most importantly, what's gonna happen to Diddy TV?!
You guys are smarter than us. Please, talk us down with some knowledge. If you need us, we'll be watching that Almost Famous clip on repeat 'til we fall asleep (or until it disappears -- whichever comes first).
