March 4, 2008 — (WEB HOST INDUSTRY REVIEW) — In a move that could further challenge established television broadcasters, popular video hosting website YouTube (youtube.com) recently announced that it is planning to launch a live streaming service later this year.
In a recent interview at a party in New York with Pop17.com, YouTube co-founder Steve Chen said that live video is something the company had always wanted to do but never quite had the resources to do it correctly. But now, with Google backing it up, it has high hopes of launching something later in 2008.
Despite this casual reveal of YouTube’s plans, the company itself appears to be holding off from making an official public announcement for the time being. The live channels will enable users to create live feeds of news events, entertainment and even 24-hour “lifecasts”, which could be broadcast from users’ homes. The channels could also include live music, breaking news stories and other entertainment content.
It has even been anticipated that live streaming on YouTube could become part of Google’s business plan as the same technology could be used to provide videoconferencing to companies through its Google Apps services. The video hosting site, which was bought by search engine giant Google in 2006 for $1.65 billion, currently hosts around 73 million video clips.
YouTube was recently was down for several hours after an attempt by Pakistan’s government to restrict local access to the site domestically affected other countries.
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