The jury is out on whether advertising will ever work for online video sites as they strive to become real profit-generating businesses. Well, it’s worked for Hulu, but not in the profit-generating kind of way — at least not right away.
The big highlight of the McGraw-Hill media summit in New York when NBC Universal’s Jeff Zucker took a couple of shots at Jon Stewart.
from Fan Fare:
Video streaming Web site Hulu.com marked its one-year anniversary on Thursday by announcing new social networking features, as the site seeks to gain ground on other Internet entertainment hubs.
The Web site, a joint venture between General Electric Co.-owned NBC Universal and News Corp., launched "Hulu Friends" which integrates functions from social networking sites MySpace and Facebook, as well as e-mail providers Gmail, Yahoo! Mail and Hotmail, and allows users to see what their friends are watching, share new videos and leave notes for each other.
Hulu, which allows visitors to view television episodes and movies on their home computers, still has a long way to go if it hopes to catch up to video sharing giant YouTube.com. Internet tracking site comScore reported this month that YouTube accounted for about 43 percent of all videos viewed over the Internet in January. By comparison, Hulu.com had only a 1.7 percent share of all videos viewed. The Google-owned YouTube has reached out to mainstream entertainment companies, including Universal Music Group, as the site seeks to add more premium entertainment on its site. But unlike YouTube, which mostly has short video clips, Hulu allows users to view entire episodes, and it has positive trends in its favor.
It’s Day 2 of YouTube versus PRS For Music, the British organization that collects royalties for songwriters and publishers whenever songs are broadcast over the air and the Web or performed in public venues .
Whether it’s the recession keeping people searching for cheap entertainment or just the gradual shift of consumer eyeballs to the Web, YouTube‘s popularity continues to grow. The Google-owned site topped 100 million U.S. viewers for the first time in January, industry tracker comScore said on Wednesday.
When you’re spending up to $3 million for 30 seconds of Super Bowl time, you really, really want to get your money’s worth. So what do you do? Hold press briefings, drag executives out for interviews, hold contests, and, of course, post the commercials on YouTube even before they air on game day. Gone, mostly, are the days when advertisements would actually debut at the Super Bowl.
After jumping to become the sixth most viewed online U.S. video site in October, Hulu managed to keep its spot in November despite not having the benefit of a Sarah Palin/Tina Fey boost from Saturday Night Live.