Tag: Chad Hurley
Two of YouTube's founders stand to divide shares of stock now valued at around $650 million, Web search leader Google Inc. said in a regulatory filing Wednesday detailing the payout from its $1.65 billion acquisition.
Chad Hurley received 694,087 of Google common stock worth around $326 million and Steve Chen received Google common stock valued at a similar amount, including 625,366 shares directly owned and another 68,721 shares held in a trust.
Sequoia Capital, the sole venture capital backer of YouTube, stands to receive around $442...
» Read the rest of the post
YouTube founder Chad Hurley confirmed that his team was working on a revenue-sharing mechanism that would "reward creativity".
The system would be rolled out in a couple of months, he said, and use a mixture of adverts, including short clips shown ahead of the actual film.
The offer applies only to people who own the full copyright of the videos that they are uploading to the YouTube website.
The audience of the YouTube website will not have to put up with overly long "pre-roll" adverts. Mr Hurley said a clip of three seconds length...
» Read the rest of the post
Posted by
felix 2 years 11 months ago
Google announced that it has closed its acquisition of YouTube.
In connection with the acquisition Google issued an aggregate of 3,217,560 shares, and restricted stock units, options and a warrant exercisable for or convertible into an aggregate of 442,210 shares, of Google's Class A common stock.
The number of shares of Class A common stock issued and issuable by Google was calculated by dividing $1.65 billion less certain amounts (around $15 million) funded to YouTube by Google between signing and closing by the average closing price...
» Read the rest of the post
Chad Hurley, chief executive and co-founder of YouTube, told an advertising conference that offering video services on mobile phones was a key opportunity for the company.
Hurley said: "Within the next year we hope to have something on a mobile device. It's going to be a huge market, especially for the video mindset we're dealing with. It's a natural transition."
Hurley was speaking at the OgilvyOne Digital Summit in New York in one of his first public engagements since the announcement last month that internet search leader Google is to...
» Read the rest of the post
Dick Parsons, the chairman and chief executive of Time Warner, fired a shot across the bows of Google, saying his group would pursue its copyright complaints against YouTube.
Mr Parsons told the Guardian: "You can assume we're in negotiations with YouTube and that those negotiations will be kicked up to the Google level in the hope that we can get to some acceptable position."
He denied the decision to pursue any potential infringement had been prompted by this week's acquisition. Google, whose core search function attracted 204 million...
» Read the rest of the post
or Jawed Karim, the $100,000 or so he would have to spend on a master’s degree at Stanford was never daunting. He hit an Internet jackpot in 2002 when PayPal, the online payment company he had joined early on, was bought by eBay.
On Monday, still early in his studies for the fall term, he got lucky again. This time he may have hit the Internet equivalent of the multistate PowerBall.
Mr. Karim is the third of the three founders of the video site YouTube, which Google has agreed to buy for $1.65 billion. He was present at YouTube’s...
» Read the rest of the post
YouTube won't sell itself for anything less than $1.5 billion.
But that number far exceeds the price top media execs appear willing to pay for a company many believe lacks a sustainable business model.
"If they were willing to take $200 million to $300 million, I would buy it tomorrow," a senior industry source told The Post.
In November 2005, YouTube received $3.5 million in seed money from typically ahead-of-the-curve Silicon Valley heavyweight VC firm Sequoia Capital, the same shop that helped birth Google. In April 2006, the video...
» Read the rest of the post
Warner Music Group has agreed to distribute and license its copyrighted songs and other material through YouTube, marking another significant step in the entertainment industry's migration to the Internet.
Under a revenue-sharing deal to be announced Monday, New York-based Warner Music has agreed to transfer thousands of its music videos and interviews to YouTube.
"We are very excited," YouTube co-founder and CEO Chad Hurley said in a phone interview Sunday. "This is a real landmark for our company."
The financial terms of YouTube's...
» Read the rest of the post
The video-sharing Web site is a runaway success -- everywhere but on the bottom line.
With all the excitement, it's easy to forget that the video-sharing pioneer's business so far amounts to a whole lot of expenses, not much revenue, and no profits. YouTube took on the job of creating the business model for a new medium where anyone can post any video. While it's starting to develop new ad offerings, its popularity is driving up costs that established Web giants, such as Google and Yahoo!, are able to spread out. YouTube spends a tidy, and...
» Read the rest of the post
During a panel at the AlwaysOn Stanford Summit 2006, YouTube co-founder and CEO Chad Hurley was asked by moderator Kara Swisher about disparaging comments Bill Gates made about his service at the D conference. "Speaking about competition and Gates, [he is] commenting about our business at same time Microsoft is trying to build a clone of our service," Hurley said. "We see ourselves as developing the next platform to deliver digital media worldwide."
Michael Robertson, CEO of MP3tunes, predicted that a year from now YouTube will have ads...
» Read the rest of the post
» View all photos
3 Votes
