Much like the Real Estate world (location, location, location), the new digital media world slogan may end up being “licensing, licensing, licensing”. The YouTube discussion continues via Ben Werdmuller, following John C. Dvorak’s MarketWatch article from last week. Ben mentions that YouTube has been named the “Napster of video”, which suggests illegal distribution of media. This also pertains to Google Video as well, or for that matter, any website that is allowing uploads of video.
Similarly, this issue was addressed in an interview with Bill Gates, by a panel of journalists from WSJ Online on June 19, 2006. Bill was busted at the end by admitting to watching pirated content on YouTube.
We just thought this related to music and the RIAA, but it appears that digital media everywhere must change their expected models of distribution and compensation, otherwise we’ll be fighting over this after I’m dead and gone…
Giovanni and I just finished a podcast discussing this - stay tuned for the publish date!