I just woke up after a long night of blogging of working on my blogs and very little sleep, and the first RSS feed to drop in is the big Google meets YouTube story. It’s not only making its way across the blogosphere, it’s also on Fox News and a plethora of other sources. This is BIG news.
YouTube, a video hosting site with millions of visitors, has been smelling trouble on the horizon for some time now. The struggling company is not far from an arsenal of copyright lawsuits and it knows it needs to move and fast. I think this particular direction is the right way to go.
From the looks of things, Google will buy YouTube for $1.6 billion. What this means is that you can plan on seeing Google video take the lead in vlogging and free online video hosting. With Google in the lead we’ll no doubt see many innovations moving forward.
I think this is good for YouTube and good for Google. Everyone comes out in a little bit of a better position.
Good stuff!
Hat-Tip: Gizmodo
