Youtube.com video upload site made Billions
Posted on December 16, 2008 by Lekso
YouTube is a video sharing website users where can upload, view and share video clips. YouTube was created in February 2005 by three former PayPal employees.  In November 2006, YouTube, LLC was bought by Google Inc. for $ 1.65 billion. and now is operated as a subsidiary of Google.
The company is based in San Bruno, California. and uses Adobe Flash Video technology to display a wide variety of user-generated video content. including movie clips, TV clips and music videos. as well as amateur content such as video blogging and short original videos.
YouTube was founded by three former PayPal employees, who, witnessing the boom of online grassroots video, realized the need for a decent service that made the process of uploading, watching and sharing videos hassle free. They registered the domain YouTube.com on February 15th, 2005 and developed the site over the following months from a in garage Menlo Park. In May 2005 they launched in a public beta, and in November, YouTube made its debut with an $3.5 million of funding from Sequoia Capital.
While the service is completely free for the users, the company’s business model — which was put in place in March 2005 — is based on traditional banner advertising, sponsorships, partnerships and promotions, and even contextual advertising. So far, they’ve had numerous partnerships with traditional media companies, notably NBC and the Warner Music Group .
Unregistered users can watch the videos, while registered users are permitted to upload an unlimited number of videos. Videos that are considered to contain potentially offensive content are available only registered users to over the age of 18.
YouTube has been criticized frequently for failing to ensure that its online content adheres to the law of copyright. At the time of uploading a video, YouTube users are shown a screen with the following message:
Do not upload any TV shows, music videos, music concerts or commercials without permission unless they consist entirely content of you created yourself. The Copyright Tips page and the Community Guidelines can help you determine whether your video infringes someone else’s copyright.
Despite this advice, there are still many unauthorized clips from television shows, films and music videos on YouTube. YouTube does not view videos before they are posted online, and it is left to copyright holders to issue a takedown notice under the terms of the Digital Millennium Copyright Act .
In November 2008, YouTube reached an agreement with MGM. Lions Gate Entertainment and CBS which will allow the companies to post full-length films and television shows on the site, accompanіed by advertisements. The move is intended to create competition with websites such as Hulu. which features material from both NBC and Fox. 
Короткий опис статті: site youtube com Youtube.com the biggest video sharing website.