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YouTube launching 100 new channels

Discussion in 'Off-Topic Discussion' started by Cygnus, Oct 30, 2011.

  1. Cygnus

    Cygnus New Member

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    YouTube launching 100 new channels
    The Google-owned video site said Friday that it's launching more than 100 new video channels. The partners include an array of Hollywood production companies, celebrities and new media groups that will produce mainly niche-oriented videos.


    YouTube is shelling out $100 million to producers, according to people familiar with the matter, who spoke on condition of anonymity. The money is an advance on advertising money the videos will bring in, and Google will recoup its portion first before splitting the proceeds. Advances are as high as $5 million per channel, said another person familiar with the arrangement, also speaking on condition of anonymity.
     

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