14 DAY TRIAL // Every day, one new Internet company launches another video service that is meant to beat YouTube. Bull**it! But I'm starting to get used to it. A lot of YouTube-like products that could beat Google and steal most of its users were already released and none of them managed to compete with the famous video platform. However, when the threats are coming from powerful companies, Google opens its eyes and analyzes the competition. Take the example of Sony's eyeVio. Everybody was waiting for it but it remained only an anonymous service and available only to the Japanese Internet users.
A few days ago, Bloomberg talked with Mike Folgner, Yahoo's general manager for video who joined the Sunnyvale company when the giant portal acquired Jumpcut, a video website that might represent Yahoo's hidden weapon. According to the publication, Yahoo plans to implement video capabilities to Flickr, the photo sharing service and make it able to compete with YouTube and other video products.
"One of our strategies is to put video everywhere you are on the Internet. We're going to build a much better destination for you to access all this different content," he said for Bloomberg.
What's most interesting is that Yahoo already signed deals with music companies such as EMI Group and Universal Music Group to obtain content and publish music clips on a potential video website that might be revamped soon. "We already have a lot of these deals. We just don't service them in one place so you don't see them. We'll be able to drive a lot of traffic at this," the Yahoo representative added for Bloomberg.
Well, this one looks a little bit more serious and at least challenging for the popular YouTube. But I'm sure Yahoo needs a lot of time to manage to release a competitive solution and seriously now, do you think that Google doesn't have any plan to reply to this move?