CEO Reveals the Past, Present, and Future of YouTube – Part 2
Today’s post completes my review of the USC event, “An Evening with Chad Hurley, CEO and Co-Founder of YouTube.”
The Future
Here’s how Hurley sees it:
- Money streams
Consumers will pay by advertising, renting, or purchasing on site. TV and movies may be premium spaces. Hurley readily admitted that YouTube is not making much money now, even though they’ve added ads. He sees the money opportunities in 5-10 years and said that “Google’s in it for the long term.” - HTML5
When asked if YouTube will now move to HTML5 Hurley hedged a bit, stating that “it’s easier to deal with video today” and “we’re exploring all upload options.” He assured the crowd that “There will faster connection speeds, faster downloads, and ubiquitous connections.” - Subscription channels
An audience member asked about creating a subscription kids’ channel and Hurley responded, “A good idea. Kids will innovate the future of YouTube. But the lawyers are balking.”
Hurley’s predictions
To Hurley’s mind “Everything is connected to the internet. Consumers are going to demand their media everywhere and that’s what we want to support.”
He recognizes that it’s tough for filmmakers to make money. “We’d like to do more to connect the dots between talent and brand. We’d like to reach the demographic for the content they’re creating.”
He also believes that “With unlimited participation and distribution there’ll be smaller pieces of pie but a bigger pie. There still will be blockbusters but the tools will be in the people’s hands.”
And finally he states, “More and more brands are giving up control and trusting the person who’s creating content. That’s a big opportunity that’s just starting.”
Takeaways
What struck me most was:
1) How Hurley (and others in his line of work) are in a constant head turn; keeping their eyes on the hyper speed development of technology while watching what the public – youth driven consumers – is doing.
2) The contradictory nature of his desires for YouTube: He must have said the word “monetize” twenty times, e.g. “We’re not monetizing all these experiences – Music, TV so they’re not available.” But in the next breath he’d say, “We’d like to do more to connect the dots between talent and brand. We’d like to reach the demographic for the content they’re creating.”
Hurley realizes that “Not all content can be monetized.” Yet he says, “We want to foster opportunities for everyone to create and have their creations seen by world.”
Soooo, big surprise, the beat goes on: Art and commerce have not fully merged in this new world of “I want it free. I want it fast. Why can’t I earn a living from my films?” And do we really want them to?
Hurley birthdates YouTube’s invention to February 14, 2005 when he registered the name from his garage. In launching the site, he and co-founder Steve Chen “were looking for a way to make it easy for ourselves to share videos with friends and family.” Within months, venture capitalists were sniffing around and Google starting inquiring. In October 2006, Google purchased YouTube for 1.65 billion. “We had 67 people,” Hurley shared. “Google brought machines, money, and people but we have freedom and our own office space. At the end of the day you’re only as good as the team you assemble.”
To my generation of editors, Dede Allen was a revered editor par excellence, a queen of the cutting room. She worked endlessly and tirelessly to breathe in the essence of the film’s meaning and make sure it got to screen with the exact number of frames exactly placed -- not one more, not one less. She brought a fresh eye, fresh techniques and a new style to American film editing, starting with The Hustler and Bonnie and Clyde.
I have signed on to re-write my first book, Cut by Cut: Editing Your Film or Video. This is a major re-write as there’s a lot that’s new since the first editing came out: Luts, render farms, and the final demise of editing on film, to name a few. The post process has gotten more complex than ever as there are four formats to finish on and so many ways – workflow variations – to take to get there.
The Secret of Kells grabbed me from the first vibrant frame to the last. Its rapturous images are gorgeous in color, framing, movement and design. The rather ordinary, non-proselytizing story kept me going so that I could enjoy being in the medieval world. The movie was like being in a medieval painting crossed with a sylvan fairy tale.
With the unbound success of Avatar in 3D, there’s been a huge clamor to boost 2D movies up to 3D. Both Alice in Wonderland and The Secret of Kells were upped to 3D, with different degrees of success. The looks of both features are drawn – literally in the case of Kells whose images are mostly hand drawn – from the periods they depict, Victorian England and 800CE Ireland respectively.




Susan B. Ades, Editor, NY, NY in front of her home editing suite.
Vickie Sampson, Supervising Sound Editor, Director, Writer, Shadow Hills, CA, with dog Pinky.
Ed Abroms, Burbank, CA, on loc in Lowell, MI.
