Google sees YouTube products soon; warm on Yahoo
Google Inc. expects to launch new products for its YouTube web video service in the next few months and sees reason for closer cooperation with Yahoo Inc, Google chief executive officer Eric Schmidt said. Mr Schmidt has said getting the video sharing...
Google Inc. expects to launch new products for its YouTube web video service in the next few months and sees reason for closer cooperation with Yahoo Inc, Google chief executive officer Eric Schmidt said.
Mr Schmidt has said getting the video sharing site to make money is the web search company's top priority for the year. He did not give details of the products, however, and they are not even in initial, or beta, testing.
At the company's annual shareholder meeting, Google co- founder Sergey Brin said YouTube and DoubleClick, an online advertising company bought by Google earlier this year for $3.1 billion, are still small businesses compared with its core search and advertising business.
"They both have potential, but for it to be a sizable part of our revenue, you're going to have to wait at least a couple of years," said Mr Brin in response to a question about when those acquisitions would make a significant contribution to the company's bottom line.
Google bought YouTube for $1.6 billion in 2006.
Mr Schmidt has said getting the video sharing site to make money is the web search company's top priority for the year. He did not give details of the products, however, and they are not even in initial, or beta, testing.
At the company's annual shareholder meeting, Google co- founder Sergey Brin said YouTube and DoubleClick, an online advertising company bought by Google earlier this year for $3.1 billion, are still small businesses compared with its core search and advertising business.
"They both have potential, but for it to be a sizable part of our revenue, you're going to have to wait at least a couple of years," said Mr Brin in response to a question about when those acquisitions would make a significant contribution to the company's bottom line.
Google bought YouTube for $1.6 billion in 2006.