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US TV Networks Mull Launch of YouTube Rival

News, 13 December 2006


NEW YORK: US television networks are reportedly mulling the launch of a video sharing website in the hope of rivalling the phenomenal success of YouTube.com, now owned by Google.

According to the Wall Street Journal, Fox, Viacom, CBS and NBC Universal executives are discussing a jointly-owned site that would be the first online port of call for their own content, but which could also include a video player for user-generated clips.

The networks are also considering licensing offers from Google to put their content legally on YouTube. NBC and CBS already have deals and Google is believed to have offered $140 million (€105m; £71m) to Fox for three years.

Data sourced from International Herald Tribune Online; additional content by WARC staff