YouTube Sharing the Wealth with Content Producers

YouTube has decided to share the wealth with the people that produce original content.

YouTube…will start sharing advertising cash with users who upload the most popular clips of everything from skateboarding dogs to dancing babies.

The video site, which is owned by Web search giant Google Inc, said it will extend its YouTube partnership program to allow individuals to make money when their videos are deemed eligible based on the number of views and how widely they are shared with other users.

Although Goldman Sachs estimates that YouTube will generate $300-million in revenue this year, the service still faces fierce competition from Hulu and others. The profit sharing concept is an attempt to reward (and encourage) video makers to take a shot at their Fifteen Minutes of Fame.

I guess I need to dig through my wedding video to see if there is anything worth posting.

Here are other articles I have written on this topic:

• U.S. Military Establishes New Social Media Policy
• Catholics Come Home to Chicago, Joliet and Rockford
• Why I No Longer Follow @BreakingNews
• 10 Day Tune Up for H1N1 – Day 7: Social Media Checklist
• Writing a Strategic Communications Plan: Evaluation
• Using Social Media to Promote Your Charity
• Introducing @FluFeed
• On the TwitBlock Backlash
• What Happened When I Went Scoble on My Twitter Account
• Twitter Poll: Who Do You Follow?