As you might have heard, Google went and acquired YouTube for a mere $1.65 billion. Time will tell if this was a brilliant business move or not. I believe Google’s acquisition is far more savvy than News Corps’ purchase of MySpace. MySpace is a mess and by the time anyone figures out how to make lots of money from the venture, the kids who give the site its buzz will be on to the next big thing.
But YouTube? There’s a different animal. Whether it’s $1.65 billion is debatable, but YouTube’s model — easily syndicated and shared content — gives the site a broader appeal. You don’t have to go to YouTube; it can come to you. Every time a little player is embedded in a website, YouTube’s brand is extended into the public consciousness. Google, being Google, will not be long in figuring out how to turn this into money. Simplest way is to leverage the sites who use AdSense and embed video.
[Read more…] about Google’s Bid For World Domination