YouTube Plans to pay for User Generated Content

[mandy]

Speaking at the World Economic Forum, YouTube CEO Chad Hurley has revealed that the company plans to financially compensate users who produce and upload their content...

When (and not if) YouTube introduces revenue-sharing for its users, it will further squeeze out the other players in the market, many of whom were trying to differentiate themselves by offering to pay for User Generated Content...

full article: http://blogs.zdnet.com/social/?p=75

[regic]

Translation:  YouTube's losses will widen.