- Black Friday at Best Buy
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- Salesforce.com Brings Facebook and Twitter's Social Capabilities to Businesses
- Sumner Redstone's Companies Face Off Yet Again
- Can YouTube Revolutionize Citizen Journalism?
More Videos
- Black Friday at Best Buy
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- Twilight, Inc., A Worldwide Craze
- Oprah to Leave Syndication in 2011
- Sony's E-Reader Shortage and the Digital Book Battle
- Salesforce.com Brings Facebook and Twitter's Social Capabilities to Businesses
- Sumner Redstone's Companies Face Off Yet Again
- Can YouTube Revolutionize Citizen Journalism?
RSS FEED
MOST SHARED
- Tiger Woods Released From Hospital After Accident: Report
- 8 Retailers that Gain During the Holidays
- Get Paid Six Figures to Wear a T-Shirt?
- Dubai Spooks Investors But May Bring Buying Opportunity
- Finding the Holiday's Best Buys
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Longer Lines, Fuller Carts This Black Friday
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- The Good Entrepreneur Winner
- Banks Play Down Dubai Exposure, Investors Still Wary
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Tiger Woods Out of Hospital After Accident: Report
- Dubai Stock Selloff May Bring Buying Opportunity
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Longer Lines, Fuller Carts This Black Friday
- Get Paid Six Figures to Wear a T-Shirt?
- The World's Biggest Debtor Nations
- Five Tips for Buying a Foreclosed Home
- Slideshow: Fantasy Christmas Gifts 2009
Media Money
Text Size 
News Corp [NWS
Loading...
()
]got a great deal when it snapped up social network MySpace for $580 million, but only now is it tackling an issue that should allow it to profit from a lot of the video posted on its site. Instead of pulling down copyright-protected videos from its members profile pages, MySpace will give the content creators a share of the revenue from ads it will start posting on uploaded content.
This is possible thanks to a company called Auditude which scans uploaded videos and compares the content in its one billion-minute plus library. If an ad contains professional content, Auditude inserts an ad, and MySpace splits the ad revenue with the content creator. In the past MySpace just removed or banned videos if the included copyrighted material, based on its own scanning software.
Viacom's [VIA
Loading...
()
]MTV Networks is the first content creator to test the system with clips from its networks including MTV and Comedy Central that are popular with MySpace's demographic. Viacom is pleased to get a new revenue stream from ads attached to its content, and happy to allow consumers share their videos. Of course it was also Viacom that was livid that Google's[GOOG
Loading...
()
] YouTube allowed consumers to upload its videos illegally, with Viacom's $1 billion lawsuit against Google still pending. Now YouTube has a similar strategy which identifies video clips and offers a content creators a choice between removing the material and sharing the revenue from ads placed on it. YouTube also has deals with a number of content providers to post clips of its content and just made a deal with CBS to show full length episodes of some of its shows.
This is a crucial step for the old media giants who still create the vast majority of entertainment content to make their content available in a social network environment, without their copyright being violated. And perhaps most importantly for the media companies struggling with a entertainment environment shifting towards digital distribution and with lower ad sales, with a new revenue stream.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes