YouTube: Google owns the American website YouTube, where users can share videos online. Launched on February 14, 2005, YouTube is accessible globally and was founded by three former PayPal workers, Steve Chen, Chad Hurley, and Jawed Karim. After Google Search, it is the second most popular website globally, with its headquarters located in San Bruno, California, in the United States. With over 2.5 billion monthly users, YouTube has more than one billion hours of video content seen every day. More than 500 hours of content were posted to the platform per minute as of May 2019, and by 2021, there were roughly 14 billion videos available.
Google paid $1.65 billion (or $2.31 billion in 2023) to acquire YouTube in October 2006. Beyond just selling ads, Google extended YouTube’s economic model to include paid content like movies and original material created by and for YouTube. Additionally, it provides YouTube Premium, a paid subscription service that allows you to watch videos without commercials. YouTube started using Google’s AdSense service, which increased revenue for the platform as well as for authorized content creators. With an increase of over $9 billion from 2020 to 2022, YouTube’s yearly ad revenue reached $29.2 billion.
YouTube
Online video viewing is made simple with YouTube, a free video sharing service. Even better, you may make your own videos and post them online to enjoy with others. With over 6 billion hours of video viewed each month, YouTube—which was founded in 2005—has grown to become one of the most visited websites on the Internet. A significant probability exists that any internet video you have viewed was a YouTube video. For instance, practically all of our website’s video tutorials are actually YouTube videos!
YouTube Details
Type of business | Subsidiary |
---|
Type of site | Online video platform |
---|
Founded | February 14, 2005; 19 years ago |
---|
Headquarters | 901 Cherry Avenue San Bruno, California,United States |
---|
Area served | Worldwide (excluding blocked countries) |
---|
Owner | Google LLC |
---|
Founder(s) | - Steve Chen
- Chad Hurley
- Jawed Karim
|
---|
Key people | - Neal Mohan (CEO)
- Chad Hurley (advisor)
|
---|
Industry | - Internet
- Video hosting service
|
---|
Products | - YouTube Kids
- YouTube Music
- YouTube Premium
- YouTube Shorts
- YouTube TV
|
---|
Revenue | US$31.5 billion (2023) |
---|
Parent | Google LLC (2006–present) |
---|
URL | youtube.com (see list of localized domain names) |
---|
Advertising | Google AdSense |
---|
Registration | |
---|
Users | 2.7 billion MAU (January 2024) |
---|
Launched | February 14, 2005; 19 years ago |
---|
Current status | Active |
---|
Content license | Uploader holds copyright (standard license); Creative Commons can be selected. |
---|
Written in | Python (core/API), C (through CPython), C++, Java (through Guice platform),[4][5] Go, JavaScript (UI) |
---|
History
Steve Chen, Jawed Karim, and Chad Hurley developed YouTube. The three were among the first workers of PayPal, which made them wealthy when eBay acquired the business. Hurley had attended Indiana University of Pennsylvania to study design, and Karim, Chen, and others had attended University of Illinois Urbana-Champaign to study computer science. A tale that has been told numerous times in the media claims that Hurley and Chen came up with the concept for YouTube in the first few months of 2005 when they had trouble sharing films taken at a dinner party at Chen’s San Francisco residence. Chen said that the concept for YouTube was born after a dinner, but Karim did not attend and disputed that it had happened.
Senior leadership
Since the company’s establishment in 2005, YouTube has had a CEO. Chad Hurley served as the first CEO and lasted until 2010. Following Google’s acquisition of YouTube, the CEO position was kept. Hurley’s post was taken over by Salar Kamangar, who remained in it until 2014. Susan Wojcicki took over as his replacement; however, she resigned in 2023. Neal Mohan, who took over as CEO on February 16, 2023, is the current leader.
Features
The video codecs used by YouTube are VP9 and H.264/MPEG-4 AVC, along with the Dynamic Adaptive Streaming over HTTP protocol.[99] For connections with limited bandwidth, 3GP containers also include MPEG-4 Part 2 streams. YouTube started to put out videos in the AV1 format by January 2019. According to a 2021 report, the corporation was thinking about mandating AV1 in streaming gear to improve quality and reduce bandwidth. Typically, Opus and AAC audio codecs are delivered in tandem with video. When YouTube first launched in 2005, the Adobe Flash Player plug-in needed to be installed in the browser in order to watch YouTube videos on a personal computer. YouTube debuted an experimental version of the website in January 2010 that made use of the multimedia features that are already present in Web browsers that support HTML video.
Videos
Compared to the four or five hours a day that the average US citizen spends watching television, it was reported in January 2012 that YouTube visitors spent an average of 15 minutes a day on the website. In 2017, users spent more than an hour a day on average watching YouTube on their mobile devices. The Daily Dot claimed that the removal of two billion views from the view counts of Universal and Sony music videos on YouTube in December 2012 was the result of a breach of the website’s terms of service, which prohibit the use of automated methods to artificially inflate view counts. Billboard refuted this, claiming that the two billion views had been shifted.
Services
YouTube Premium is the premium membership service offered by YouTube (previously known as YouTube Red). This platform provides mobile users with offline and background video playback, original programming, and ad-free streaming. When YouTube Premium (formerly known as “Music Key”) was first unveiled on November 12, 2014, it was a paid music streaming service meant to work in tandem with and eventually supersede Google Play Music “All Access.” When YouTube Red was revived on October 28, 2015, it provided access to exclusive original content along with ad-free streaming for all videos. One million users were taking advantage of free trials as of November 2016, bringing the total number of customers to 1.5 million. There had been 250 million views overall for the first season of YouTube Originals as of June 2017.
Social impact
YouTube has been utilized by both private users and major production companies to expand their audiences. With very little money or effort. Independent creators have amassed thousands of devoted fans, yet radio and mass store promotion proven to be difficult. At the same time, established media personalities made their way onto the platform at the request of YouTube management, who had seen early content creators build sizable fan bases and believed their audiences might be bigger than those on television. Even though the revenue-sharing “Partner Program” on YouTube allowed video producers to make a respectable living—the top 500 partners made over $100,000 a year, and the ten highest-earning channels grossed between $2.5 and $12 million—the CMU business editor described YouTube in 2012 as “a free-to-use… promotional platform for the music labels.”
Finances
Google did not provide precise operating expense statistics for YouTube before to 2020, and the company’s 2007 revenue was described as “not material” in a regulatory filing. A June 2008 article in Forbes magazine noted progress in ad sales and predicted the 2008 revenue at $200 million. The expected revenue generated by YouTube’s advertising campaign in 2012 was $3.7 billion. e-Marketer reported that it nearly doubled to $5.6 billion in 2013, while some estimates put it as high as $4.7 billion. On YouTube, the great majority of videos are ad-supported and available for free to watch. 53 subscription channels with monthly costs ranging from $0.99 to $6.99 were made available as part of a trial program launched by YouTube in May 2013. The action was interpreted as an effort to outdo rivals.
Censorship and bans
Certain videos may not always be accessible due to copyright and intellectual property protection regulations (such as those in Germany), hate speech breaches, or YouTube’s “restricted mode” and YouTube Kids app restricting access to content deemed unsuitable for younger audiences. YouTube’s limited bandwidth makes it common for businesses, schools, governments, and other private organizations to restrict social media websites. as well as the site’s drawback potential. As of 2018, Turkmenistan, China, North Korea, Iran, Uzbekistan, Tajikistan, Eritrea, Sudan, and South Sudan are among the nations that have prohibited public access to YouTube. Certain nations restrict the duration that YouTube is accessible, for example, in the lead-up to elections. During times of turmoil, or in reaction to impending political.
YouTube Images