Digital Studio On The Block? Don't Expect YouTube To Make An Offer
This story was written by Tameka Kee.
Looks like YouTube's dabbles in content development haven't been paying off. Kevin Yen, the video site's director of strategic partnerships, told McGraw-Hill (NYSE: MHP) Media Summit attendees that YouTube is "not good at content"and because of that, buying out a media company like NBC wouldn't make sense (via Mediaweek). And that means no bailing out struggling content studios trying to survive the recession-driven online video shakeout either.
Google (NSDQ: GOOG) has steadily pumped money into developing shows for YouTube in recent months, and the video site has partnered with everyone from international orchestras, to studios like Embassy Row, to Seth MacFarlane to produce them. But Google also knows how to pull the plug on projects when they're not making any moneyso that could mean fewer fortes into YouTube-backed original series and events this year.
By Tameka Kee