And now a word from one of our many sponsors. Google buys YouTube for a huge chunk 'o change.
We are natural partners to offer a compelling media entertainment service to users, content owners and advertisers," said Eric Schmidt, Google's chief executive officer.
YouTube will continue to retain its brand, as well as all 67 employees, including co-founders Chad Hurley and Steve Chen. The deal is expected to close in the fourth quarter of this year.
"I'm confident that with this partnership we'll have the flexibility and resources needed to pursue our goal of building the next-generation platform for serving media worldwide," said Hurley, YouTube's 29-year-old CEO.
While most videos posted on YouTube are homemade, the site also features volumes of copyrighted material -- a problem that has caused some critics to predict the startup eventually would be sued into oblivion, much like the once-popular music-sharing site Napster.
Okay, first NBC then the Warner deal and now the Google buy out. Whatever it could have been it wont. I guess nobody learned nothing from the @home mess. Everybody will talk on and so so about copywright and tickelish content. And behind the scenes the these big time TV/movie folk and gonna get along with the "interwebs" people.
Well anyways enjoy some YouTube original work: